The farmer and the rancher Specialize and Trade Each would be better off if they specialize in producing product they are more suited to produce, and then trade with each other The farmer should produce potatoes, and the rancher should produce meatThe Farmer and the Rancher Specialize and Trade • Each would be better off if they specialize in producing product they are more suited to produce, and then trade with each other • The farmer should produce potatoes, and the rancher should produce meat