If you would like to see a return to $2.00 a bushel corn, then you will no longer see corn produced for any reason.
Farming is a business and anyone with brains knows you can’t work for nothing and survive.
If you think food prices are high now, just wait till all food production is controlled by Cargill and ADM after competition has been eliminated.
Nobody mentions anything about how much corn is used in syrup for soda and soda demand is skyrocketing. Ethanol demand makes up less than 10% of the price of corn. Exports and speculators have run up food commodities just the same as they have run up the cost of a barrell of oil.
The cost of oil is responsible for price inflation in everything we consume. Not to mention that world population has increased, meaning more consumers, and more competition for the supply of everything.
I have been using ethanol blended gas for over 35 years.
The ethanol money stays in America. Ethanol don’t require military protection. Ethanol don’t require tanker ships, with military escorts for 8000 miles like oil tankers.
Ethanol don’t raise a dime in price because of an attack on an oil well in Nigeria or because it’s close to hurricane season.
We all know drilling in ANWR would help. So why do you keep re-electing envirowacko Senators who don’t have a lick of common sense?
Why can’t we get some common sense back in Washington DC, for those of you who don’t like ethanol? Because you can complain, but have absolutely no solution, and are ignored because you have no means to put pressure on the politicians. We were told 35 years ago it was going to come to this. Everyone looked to government to solve the problem. Government IS the problem. If you can’t change the government, you aren’t putting your money where your mouth is.
I highly doubt corn production will stop, because corn growers didn't get their welfare checks. This nonsense of a zero sum game in producing corn is ridiculous, b/c corn was being produced for many years before Carter came along and gave us "The Gov't solution" that you so love.
Moreover, the only reason corn growers get free pass is b/c there are 60 senators from Agri-states, who are beholden to them. Nobody mentions anything about how much corn is used in syrup for soda and soda demand is skyrocketing. Ethanol demand makes up less than 10% of the price of corn. Exports and speculators have run up food commodities just the same as they have run up the cost of a barrell of oil.
So in order to keep up with the demand overproduction happens. Continued overproduction causes the price of corn to fall; taxpayers must increase subsidy payments to corn growers, to offset the falling price.
What's worse is that continued high corn prices cause a shift in demand to other crops and products that use corn.
Yet again, even when oil fell in the 80's Ethanol was still propped up by taxpayers to offset the losses of corn growers.