Final answer:
Leaving soybean crops unharvested is not the best option when a property is sold before harvest time. Instead, sellers and buyers should arrange a fair agreement regarding the crop. Furthermore, crop rotation and market forces can significantly affect farming decisions.
Step-by-step explanation:
If the sale of a property that includes soybean fields occurs before the crops are ready for harvest, the best option for the parties involved would not be to leave the crops unharvested. This approach could lead to a waste of resources and potential income. Instead, the parties should consider options such as the seller harvesting the crop before sale, the buyer compensating the seller for the crops at closing, or arranging for a third party to harvest the crops and share the profits.
A crop rotation between corn and soybeans is a common practice among farmers to take advantage of the natural benefits legumes have on soil nitrogen levels, which can improve the yield of the subsequent cereal crop, like corn.
Furthermore, as the perfectly competitive market suggests, the decision to switch crops can often be influenced by changes in relative crop prices, competition, or natural conditions like a drought. If farmers in the upper Midwest have changed their crop mix due to these factors over the years, this indicates how market forces can affect agricultural decisions.