The corn basis in Nevada is about -$0.20/bu. The corn basis in Gilbert is about -$0.25/bu. Where a corn farmer located in Ames, halfway between Nevada and Gilbert, should ship his corn to make the most money?
A. Nevada.
B. Gilbert.
C. The farmer is indifferent between the two locations because they are the same distance from him.
D. None of the above.
Answer: A. Nevada.
Economics
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