Falling corn prices threaten Midwest agricultural economy
Daily Sun Sub-heading: "High yield puts cost of crop at lowest levels in 4 years" (Sept 17, 2014)
Cost per bushel of corn in 2012...........$7.00
Cost per bushel of corn in 2013............$6.00
Cost per bushel of corn in 2014.............$3.60
And some think the price could go lower yet.
If I'm not mistaken, I seem to remember Monsanto defending the use of genetically engineered corn by saying bigger crops would feed the world. They said something to the effect that there are a lot of starving people in poor countries and this would save lives.
Now we have a record crop of corn at just about 1/2 the price it was a few years ago and the story has changed. In a big half page article, there wasn't one word about how wonderful it will be to be able to feed the world with this bumper crop of inexpensive corn. It was nothing but complaining about not being able to make enough money. Farmers might be lucky to just break even.
Where's Monsanto? They weren't interviewed for this article.
How was feeding the world supposed to happen? Does anyone know? Not that I stay up at night worrying about it, but we now have GM corn which we didn't want in the first place and people are still starving? Does anyone know what's going on?
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