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Post by Glenn on Jul 1, 2011 8:21:24 GMT -6
Corn is in crash mode. Not looking good for all the "in your face Cornies". Too Bad!
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Post by Deleted on Jul 2, 2011 12:36:39 GMT -6
Corn is in crash mode. Not looking good for all the "in your face Cornies". Too Bad! Corn hasn't reacted much differently than the other commodities, metals and energy resources to the general trend away from the Fed's cheap (throw away) monetary policies. It took over 30 years and alot of hard work and expense by the corn industry to build the domestic ethanol industry. In Nebraska, we had and still have an ethanol checkoff that funded state subsidies of in state ethanol plants. That came out of the corn farmers checks at every point of sale. Not unlikely, that corn checkoff money was also used to lobby the govt to promote domestic ethanol at the expense of forneign ethanol...which was heavily subsidized in its country of origin. The US ethanol industry is a success story that every one in agriculture should be proud of. Brazil would probably own the US ethanol market if it hadn't been for the efforts of corn farmers. The AHA, and Hereford breeders could take a lesson from corn farmers. If we'd been as diligent in our promotion of the Hereford breed over the last 30+ years, maybe we'd be in a better position within the US beef industry. |
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