Farm Bill by March 15

"We are in a classic supply and demand situation with big demand and low carryover," Barry Flinchbaugh, Professor of Ag Economics at Kansas State University, said.

Dr Flinchbaugh was speaking at an Ag Issue Forum sponsored by Bayer CropScience prior to the Commodity Classic in Nashville, Tn.

Flinchbaugh said the high prices for wheat, corn, and soybeans is an example of the marketplace working as it should.

On another topic Flinchbaugh said he hopes to see a Farm Bill signed by March 15.

"If the Farm Bill is not done by then there is no excuse for not having it done except incompetence in the U.S. Congress," Flinchbaugh said. "I am mad and I think they need a kick in the butt, but I think it will get done by March 15."