When Ethanol was in full swing, corn prices went to $9.00 a bushel, today $2.80....Farmers are going belly up fast.
meh...
Corn farmers are doing just fine. This is a stronger year after three years of decline from record highs. Normal cycles like anything in agriculture.
I remember differently, like $7/bu. GOOD TIMES!
But anyway when does corn go back up?
The ones I know just revert back to table crops.
Yep! A few years ago, I paid $14.50 for 50 pounds of shelled corn, today I buy it for $5.
I don't give a fat rat's ass about about 10% or less ethanol mixed into my gas tank, and if a couple more Iowa Hawkeye shit kicken socialists vote the right way for the wrong reason, it's OK by me.
That last sentence will bring me a ton of grief from some land owners in Iowa with hurt feelings, but large gummint subsidies.
That’s below break even price for corn, iirc. Memory says it’s about 3.50 break even recently.
That’s how markets work. Demand went up, supply had a hard time meeting demand, prices went up, so more joined the market, now supply is up, so prices are dropping. Next some will drop out of the market, supply will go down, prices will go up... Lather, rinse, repeat. That’s capitalism.
Funny how that happens when gubmint gets involved in the marketplace...