I am not an Iowa voter. However, I would rather see corn used for food products and other biochemicals uses like textiles. The use of corn to make fuel drives up the cost of food and really does not make as efficient a fuel as gasoline. To make a humorous light of the subject, my vote is for Jack Daniel’s.
Ethanol 123 is an abomination. Hey, let’s pretend that Monsanto is a grace filled gift.
Someday, giving back will be another grace filled gift of Thanks.
Today the price of corn is lower then the cost of production because there is no market for all of the corn produced.
Now corn prices will rise if there are markets for it, if not corn prices will go down and corn production will go down until the market price comes to a point that it is profitable to raise it. When this happens and if food production is the only use of corn, you will not like what happens.
It will be a true case of supply and demand.
Corn production in the USA in my lifetime has gone from and average of 35-50 bushels per acre to close to 200 average.
Any adjustments will have to come in number of acres planted.
If you want economically priced food you best hope for continued maximum production usage. It will not happen going the other way.