Posted on 09/16/2009 6:31:15 AM PDT by decimon
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The giant crop is good news for farmers and livestock producers, who should benefit from lower feed costs, but it probably won't make a big difference to the cost of groceries.
Although corn is a key ingredient in countless products, from Coke to corn flakes, most of a product's cost is tied to labor and transportation...
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(Excerpt) Read more at newsvine.com ...
Weren't we recently hearing that increased demand for corn (much to do with ethanol) was driving up the price of foodstuffs?
An abundance of CO2 in the atmosphere will do that for crops.

I'm amaized............
...Labor day weekend I went on a dove shoot over a corn field..on one test acre they did 232 bushels...the highest ever for that family farm...and they’ve been working that ground for 3 generations.
Funny how that works, huh.
Pinging the “Homemade Corn Squeezins” *ping* list!!
Please PM me if you want on or off of this LOW volume *ping* list...
The cost of fuel was driving the cost of foodstuffs.
What you are going to get now is a lot more broke farmers. It is like this, prices of feed went up caused partly by the cost of fuel and then later by the intent to use corn for ethanol. Dairies and animal feeders had to cover those higher costs and feed their animals, they slowly started losing money but the prices were up, when prices came down, they started bleeding money and many are going belly up.
Now farmers who have hay, milo, corn, and soybeans for feed are going to have a hard time selling their products, even at bargain basement prices. They will begin to go broke.
For the consumer, meat and milk is relatively cheap right now but when there are fewer dairies and feeders there are fewer commodities to be sold and the price will rise again.
We will lose more small farmers and have less food security.
It is a normal cycle, it is why we only have around 3 million farmers with probably only 1 million growing the majority of the food.
I see 2 scenarios that could happen, a handful of mega-farm conglomerates like ADM who rule America or starving Americans like in Zimbabwe.
If we get Cap and Trade, only rich corporations will be able to afford all the new regulations.
Dude, that's most of your posts. ;-)
See my tagline. It’s been true for more than 50 years.
Government programs encourage overproduction and have kept the American farmer poor.
....and BTW, I’ve lived in Iowa before when a big corn crop came in...it stimulates all kinds of economic activity...grain elevators/cafes/trucking/fuel&lube/spare parts/equipment dealers/mechanics/welders/railroads/barge traffic and sadly, even hospital ER visits....it’s quite a thing to see....nobody can produce like the American farmer.
No, I said CORN, not PORN.
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