It doesn’t. Corn, in fact, is so cheap in relation to everything else that goes into making, packaging, marketing, storing and transporting, say, a box of cornflakes that the price of corn only minimally affects the price of that box – a nickel of the total. What really pushes prices up is the cost of oil, an indisputable fact which demolishes the arguments of the oil companies and others who blamed ethanol for high food prices.
- Are farmers producing enough corn to feed people and make ethanol?
- Where’s your proof that there is plenty of corn?
- Why was supply ever in doubt in the midst of the second-largest corn harvest in history?
- Isn’t this just some abstract, inside-the-Beltway policy wrangle? Why does all this matter to people like me?
- So corn is a hugely important crop. Why didn’t I know this until now?
- So how is this supposed to make food so expensive?
- But what about ethanol? Isn’t it inefficient and bad for the environment?
- Can corn farmers manage to keep setting records for production?
- How does growing all this corn affect the environment?
- What’s ahead for corn prices?
- What will that do to the supply?
- What about ethanol and the other uses of corn?
- So the future of corn looks good?
- Then what, if anything, must we do about corn?
Mark Lambert Coalition Director Corn Farmers Coalition firstname.lastname@example.org
632 Cepi Drive Chesterfield, MO 63005