There is no price support for corn. No need to.
People complain about farm bill but most of it
is food stamps and conservation expenses. CRP
pays to keep 31 million acres out of production.
All gasoline should have 10% etanol for clean burning
as it gets my engines extra mile per gallon.
And corn acreage last year was 92 million—if increased
a third we could put 10% ethanol in all gas.
Do the math. Most increases in corn acreage come from
former cotton acreage, a commodity in surplus around
the world. In fact up to 3 years ago we were being
sued through the WTO for dumping corn and cotton
on other countries hurting their farmers. The farmer owned
ethanol plants will do ok, but we have to get those big
companies that won’t use a 10% mix to do so.
They all want a shortage to keep prices up, and it
is these high energy prices causing everything
to be expensive, not putting corn into ethanol.
When a guy mows your 1000 sq ft lawn charges 50 bucks,
an auto worker get 50 bucks an hr, a lawyer get
50 bucks for 10 min, doctor the same, and all these
want more because of high energy costs, it ain’t the
corn or the farmer. Energy costs has triples fertilizer
cost in 4 years and doubled farm equipment costs,
and double farmland rent.It ain’t the corn, it the
speculation in energy.......Ed