When we are not free, we have to do the bidding of our masters, even if that bidding makes no sense at all.
What this means is that when you buy a box of corn flakes you're competing with the Chinese as well as the ethanol producers.
Americans seem not to understand that they are paying for their Chinese Nikes and apple juice with their corn crop.
I don’t think the government has correctly figured how much corn will not be harvested as grain — many drought-stricken acres have been chopped for cattle feed.
Harvested acres might change later.
Something like 94 million acres were planted in corn this year. Corn acres had been in constant decline before the ethanol fuel expansion, and likely would have been 70 million acres or less. Ethanol makers have drastically cut production and there’s no impediment to importing cheaper foreign ethanol.
Opposing an ethanol mandate is one thing, trashing people for trying to thrive by the rules our elected representatives established is quite another.
And the ethanol content of your gasoline is due to increase even further. Even more corn will be required to meet that requirement.
Everything coming out of the Dept. of Ag. regarding the drought is BS. They are spinning the drought effects at 13% to hide the fact that the reduction is more like 50%. If this were known, then the 40% of the crop mandated for ethanol production would appear as a folly of major proportions. They are hoping to spin it until after the Nov. elections .... then miraculously, the 4.5% inflation for food and other items will jump to 10-20%. I’m sure that the Dept. of AG has sent their people over to the Bureau of Lies and Statistics (BLS) at Labor to learn the fine art of lying with statistics.
It’s kind of amazing the supposed worst drought ever has dropped corn yields by just 13%.
A week ago I heard on the radio that the farmers had planted 5 million more acres of corn and that was why the drought hasn’t hurt the yield as much as it would have otherwise.
I also hear numerous reports of the big price increases for corn at the groceries. ....A week ago, my local Wall-Mart was selling large ears in shucks at 4 for $1 (25 cents an ear and excellent sweet corn), while it was around 38 cents an ear only about 3 months ago at W-M and all other local groceries.