Ukraine Corn Production Down

Ukraine has become a major producer of corn and ships out more corn than any other country when you take the United States and Brazil out of the equation. However, this year Ukraine is expecting a major decrease in corn production. The article Ukraine Corn Losses from AgWeb discusses the issues facing corn production in Ukraine and the ramifications that may come. Look over this article then discuss the questions below.

Discussion Questions:

1. What is causing the decreasing corn production in Ukraine?
2. Why has wheat not been affected at this time the way corn production has in Ukraine?
3. Have you seen anything like this with interest rates in the past in your home country? When and what were the repercussions?
4. Could you see a similar situation, like in Ukraine, happening in your home country in the future? If yes, what would lead to this? If no, why do you feel your country is protected from this?