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Author Topic: Time to put food vs fuel to bed for good. Back to Topics
Hannie59

All-Star Author
Appleton

Posts:964
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Joined:Apr 2010
Message Posted: Aug 14, 2013 9:50:53 PM

"With corn futures trading at three-year lows, corn stocks likely to hit an 8-year highs, and corn prices continuously falling on recent news that America is about to harvest an all-time record corn crop; the time has finally come to formally put Food versus Fuel to bed. With supplies growing and prices tumbling, poultry and livestock producers can no longer claim that corn prices are hurting their bottom line. In fact, a recent story by Bloomberg notes that Tyson Foods (the largest U.S. meat processor) will report a 37 percent gain in profit to a whopping $797.6 million dollars this calendar year!

As the growing season winds down and an abundance of U.S. corn is harvested, this record crop should remove any lingering doubts about the production of biofuels and its effect on world food supplies. America’s corn farmers have once again answered the call and we are thankful to report that there is still plenty of grain to fuel America and feed the world."

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goldseeker
Champion Author West Virginia

Posts:22,861
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Message Posted: Sep 5, 2013 3:25:50 AM

Isn't it nice the way the oil shills cherry pic their stories?
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divebomber
Champion Author Nebraska

Posts:8,583
Points:2,386,895
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Message Posted: Sep 4, 2013 11:43:56 AM

I HATE ETHANOL!
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SilverStreaker
Champion Author Twin Cities

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Points:2,769,080
Joined:Mar 2006
Message Posted: Sep 4, 2013 11:29:35 AM

I saw corn on the cob at 4/$1 at the grocery store. I don't know anyone that can't afford to buy their fill of corn.

[Edited by: SilverStreaker at 9/4/2013 11:30:25 AM EST]
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borsht
Champion Author Oakland

Posts:3,190
Points:756,150
Joined:Aug 2012
Message Posted: Sep 4, 2013 10:42:31 AM



Understanding How Ethanol Impacts Food Prices by Steve Myer
http://nationalhogfarmer.com/business/understanding-how-ethanol-impacts-food-prices
Comment by Doug is very appropriate to the article.
This is an excellent article - one of the more insightful and balanced that I have read. Point # 11 is particularly salient. For those of us who buy corn flakes, the per bushel price of corn is of little significance. For much of the world's population who need to buy a few pounds of corn, wheat, or rice to keep from starving, the price per bushel is everything!
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smugutu1234
Champion Author Tallahassee

Posts:2,225
Points:527,370
Joined:Feb 2013
Message Posted: Sep 1, 2013 8:18:03 AM

No more ethanol!
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goldseeker
Champion Author West Virginia

Posts:22,861
Points:3,294,555
Joined:Sep 2005
Message Posted: Sep 1, 2013 3:02:31 AM

I do not worry, I raise my own.
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BigHorne1
Champion Author Missouri

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Joined:Jul 2012
Message Posted: Aug 31, 2013 9:38:40 AM

The big oil,gas, and utiltiy companies and now food producing companies, need to be accountable for what they say, why prices are up, not just give un-substantiated thoughts or nothing at all.
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SilverStreaker
Champion Author Twin Cities

Posts:14,070
Points:2,769,080
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Message Posted: Aug 15, 2013 9:39:55 AM

Many studies, including one funded by the UN have shown that corn prices have little influence to food prices, but fuel prices do.
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darwinfinch
Veteran Author Gasbuddy

Posts:457
Points:6,860
Joined:May 2013
Message Posted: Aug 15, 2013 9:38:27 AM

Now that corn prices are down, and with the food industry saying prices are so closely tied to corn, I am excited to see the food prices drop in the coming weeks!

Ha, ya right.
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Banjoe
Champion Author Winnipeg

Posts:8,256
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Joined:Apr 2011
Message Posted: Aug 15, 2013 8:16:29 AM

Hannie59 - I love your exceptional optimism about this group.

You continually offer facts and you expect the group to agree just because the truth is there.

This collection of characters will never agree on anything except on their right to argue any point, but you keep tossing out pearls....and I really admire that. Keep up the good fight.
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