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RE: Price of Corn Set New Record!! - 6/16/2008 4:40:43 PM
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Sophie11
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quote:
ORIGINAL: mapachito13
quote:
ORIGINAL: blessedinnyc
I don't see what's wrong with this. My grandpa loves the high corn prices.
The US is the world's largest grain producer. We are the Saudi Arabia of grain. Therefore, why are we opposed to high grain prices? All it does is help middle-class family farms.
If you don't like it, buy your own farm.
Because the price of gas in Saudi Arabia is $ 0.91 per gallon where is the low prices for corn for food for us since we are the Saudi Arabia of corn? Are we paying 1/4 the price the rest of the world is paying for our corn?
See, this is kind of what drives me nuts. If you're talking to someone about drilling here in the U.S. for oil in order to lower the price of gas, they tell you the price would stay the same because it's based on a world market of supply and demand, and in theory I get that, it makes sense. But then why aren't the middle eastern countries paying the same price as most of the rest of the world? And why hasn't the price of corn been drastically lower for us since we are the world's largest producer?
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RE: Price of Corn Set New Record!! - 6/16/2008 4:46:27 PM
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freakofnature
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quote:
See, this is kind of what drives me nuts. If you're talking to someone about drilling here in the U.S. for oil in order to lower the price of gas, they tell you the price would stay the same because it's based on a world market of supply and demand, and in theory I get that, it makes sense. But then why aren't the middle eastern countries paying the same price as most of the rest of the world? And why hasn't the price of corn been drastically lower for us since we are the world's largest producer?
Okay Sophie, move along here, just keep moving. Stop trying to make sense, it may drive liberals crazy and that would be wrong.... 
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RE: Price of Corn Set New Record!! - 6/16/2008 4:57:22 PM
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fiat_lux
Posts: 305
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From: Ottawa
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quote:
But then why aren't the middle eastern countries paying the same price as most of the rest of the world? And why hasn't the price of corn been drastically lower for us since we are the world's largest producer?
In order to get the sort of price control experiences a lot of Middle Easterners benefit from, you'd essentially have to nationalize the corn industry, since that's what many of them have done with their oil and gas industries. Prices are kept low at home to win support for the government, and raised abroad to bring in money. I guess we could do that with corn in our countries too, but I'm pretty sure a lot of people would complain if this was proposed as government policy.
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Okay Sophie, move along here, just keep moving. Stop trying to make sense, it may drive liberals crazy and that would be wrong....
Ah yes, mockery and caricature. Always fun.
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RE: Price of Corn Set New Record!! - 6/16/2008 6:34:13 PM
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ElmerFishpaw
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Isn't anyone gonna bring liberals and abortion into this thread?
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RE: Price of Corn Set New Record!! - 6/16/2008 11:12:44 PM
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Sophie11
Posts: 722
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quote:
ORIGINAL: fiat_lux
quote:
But then why aren't the middle eastern countries paying the same price as most of the rest of the world? And why hasn't the price of corn been drastically lower for us since we are the world's largest producer?
In order to get the sort of price control experiences a lot of Middle Easterners benefit from, you'd essentially have to nationalize the corn industry, since that's what many of them have done with their oil and gas industries. Prices are kept low at home to win support for the government, and raised abroad to bring in money. I guess we could do that with corn in our countries too, but I'm pretty sure a lot of people would complain if this was proposed as government policy.
Okay well then forget corn. I go back to the original question about oil then: why not drill here in the US where we have found oil and keep it here? Who in the public is going to be upset about the government demanding that? I'm going to go out on a limb and say with these rising prices at the pump, you'd be hard pressed to find anyone. And by keeping what we have right here in this country the price of gas would be so much lower.
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RE: Price of Corn Set New Record!! - 6/16/2008 11:49:17 PM
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wing2000
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quote:
why not drill here in the US where we have found oil and keep it here?
Are you suggesting the US government should nationalize our oil production?
How else would you "keep oil here"?
I can't imagine Exxon/Mobil agreeing to sell "US Oil" at 20 dollars a barrel cheaper than exported oil.
< Message edited by wing2000 -- 6/16/2008 11:55:17 PM >
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RE: Price of Corn Set New Record!! - 6/17/2008 9:55:34 AM
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Beanteaser
Posts: 275
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From: Minnesota
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quote:
ORIGINAL: Leslie_JnJs_mom
Wheat is also skyrocketing. They are linked somehow but I cannot remember off the top of my head.
Farmers are planting less wheat to grow more corn. Less wheat=higher prices.
Pretty soon we'll be talking about "big corn" instead of "big oil."
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RE: Price of Corn Set New Record!! - 6/17/2008 4:57:25 PM
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cow451
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quote:
ORIGINAL: Beanteaser
quote:
ORIGINAL: Leslie_JnJs_mom
Wheat is also skyrocketing. They are linked somehow but I cannot remember off the top of my head.
Farmers are planting less wheat to grow more corn. Less wheat=higher prices.
Pretty soon we'll be talking about "big corn" instead of "big oil."
It's capitalism.
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RE: Price of Corn Set New Record!! - 6/17/2008 5:05:20 PM
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JimboFletch
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I heard on the radio at lunch that many Alabama farmers are reducing the number of acres devoted to growing cotton, a move that could cause cotton gins and warehouses to close for good. Farmers have switched to corn, wheat and soybeans because of the high cost of planting cotton.
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RE: Price of Corn Set New Record!! - 6/17/2008 5:57:58 PM
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fiat_lux
Posts: 305
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From: Ottawa
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quote:
And some people think nationalization of something is a bad thing? The raised prices abroad are the market prices. They can't overcharge out in the world for something otherwise no one would buy it.
The Soviet Union tried nationalizing and collectivizing agriculture. As I recall it didn't work out too well. But I don't see how you could accomplish this feat without doing so. I guess you could just put price controls in the domestic market, but then a lot of the farmers would just export everything.
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The eco-terrorists who keep us from drilling our own oil should be locked up as a threat to our national security!
That is an impressively broad definition of terrorist. 
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RE: Price of Corn Set New Record!! - 6/17/2008 7:12:41 PM
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Zhi
Posts: 1185
Joined: 7/31/2007
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They were discussing this on the news this morning.
The reporter told us that many things could get more expensive, like breakfast cereal, corn chips, and... going out to a bar to have a drink, since "a lot of booze is made from corn".
I'm not sure where he goes that they would primarily serve moonshine... o.O
Unless he's drinking the ethanol straight out of the pump? heh.
Ironically he didn't mention soda, which usually DOES contain corn (syrup). ;)
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RE: Price of Corn Set New Record!! - 6/17/2008 11:36:06 PM
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bob97
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Let’s see…we subsidize ethanol to the tune of $1.60 per gal produced. It then cost about $2.00 to produce a gallon of ethanol, so we have $3.60 in each gal produced. That’s very close to the price of gasoline today and we’ve not added any transportation cost or profit margins. The funny thing is we can purchase all the ethanol we want from Brazil for 85 cents per gal.
Then we must consider that it takes 20% more energy to produce that what it provides, this doesn’t add to the cost but we are using more energy that we are potentially producing. Also we must consider the fact that ethanol is only about 90% as efficient as gas so now the deficit like 30%.
Add to that the turmoil that it creates in the grain markets and the higher food cost and you can see that government has made another wise decision on our behalf. As of today ethanol from feed grain is driving the price of gasoline, not reducing our dependency.
Ethanol does have a future but it is not ethanol produced from corn or other similar crops. What I’m talking about is Cellulosic ethanol
Conventional ethanol and cellulosic ethanol are the same product, but are produced utilizing different feedstocks and processes. Conventional ethanol is derived from grains such as corn and wheat or soybeans.
Cellulosic ethanol can be produced from a wide variety of cellulosic biomass feedstocks including agricultural plant wastes (corn stover, cereal straws, sugarcane bagasse), plant wastes from industrial processes (sawdust, paper pulp) and energy crops grown specifically for fuel production, such as switchgrass.
What is needed today is a low cost cellulose enzyme which will allow the Cellulosic ethanol to become cost completive with other energy forms.
Until then we are better off not investing in the huge infrastructure necessary to produce grain based ethanol. Before long public opinion will force the elimination of the subsidy and existing plants will be forced to cease production. Billions will be lost because of (once again) poor planning.
Bob
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RE: Price of Corn Set New Record!! - 6/18/2008 7:54:27 AM
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DaveW
Posts: 3829
Joined: 4/12/2005
From: MD suburbs of Washington DC
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quote:
ORIGINAL: Sophie11
If you're talking to someone about drilling here in the U.S. for oil in order to lower the price of gas, they tell you the price would stay the same because it's based on a world market of supply and demand, and in theory I get that, it makes sense. But then why aren't the middle eastern countries paying the same price as most of the rest of the world? And why hasn't the price of corn been drastically lower for us since we are the world's largest producer?
It is how we view the world. That guy near Indianapolis who recently discovered an oil and ng well in his back yard has free gas for life. The farmer growing the corn has "free" corn for as long as he grows it. But the neighbor down the street has to go to the free market for his gas or corn.
In the middle east, they consider the whole country their family, so all benefit from their local supply.
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