Town Square

Post a New Topic

Corn Prices Going Out of Sight

Original post made by Mike, College Terrace, on Jun 19, 2008

Web Link

It's not something that we pay much attention to in Silicon Valley, but these price hikes are a direct result of mega-ag corporations shilling for price supports on corn, and lobbying to have corn used for ethanol (btw, corn is 10 times less efficient than sugar cane for this use).

The Congress (including Obama and Clinton) voted for the Farm Bill, and helped pass it. McCain slithered out with a "no show".

This is a pathetic display of ag money in politics, and a good review of just _one_ of the deleterious effects of catering to ag corporations.

This needs to stop.

Comments (1)

 +   Like this comment
Posted by Gary
a resident of Downtown North
on Jun 20, 2008 at 3:57 pm

Mike,

Please explain to all of us how price supports for corn depressed the planting of corn acreage. That's the way it used be, but I am not aware that is still that way. Suppression of supply, using price support deals, was the socialist model (FDR). However, we eventually freed ourselves from this constraint...price supports became a floor that allowed farmers to plant fence-to-fence (supply side argument).

Corn to ethanol IS absurd, however, it also allows farmers to get high prices, thus obviating the price support level.

[Portion removed by Palo Alto Online staff.]


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Ray Rice and Domestic Violence
By Chandrama Anderson | 16 comments | 1,498 views

Company partners with Coupa Cafe to launch mobile payment app
By Elena Kadvany | 0 comments | 1,491 views

For the Love of Pie
By Laura Stec | 5 comments | 1,103 views

All Parking Permits Should Have a Fee
By Steve Levy | 9 comments | 906 views

Ten Steps to Get Started with Financial Aid
By John Raftrey and Lori McCormick | 1 comment | 843 views