Colorado Corn
Cultivating Opportunities
Representatives of the U.S. livestock and poultry industries testified before a House agriculture subcommittee today that changes in ethanol policy are necessary to ensure the availability of corn for animal feed, but the ethanol industry disagrees.
By Bart Schott
Once again, ethanol opponents are using food price scares to combat the ethanol industry, forgetting that this well-worn argument has very little basis in reality. Two recent news items have brought them out of the woodwork.
On October 8, the U.S. Department of Agriculture reduced the estimated 2010 corn crop by just under 500 million bushels. And on October 13, the U.S.
During these economically stressful times, rising food prices can lead to questions about how much profit a farmer actually makes. With 98.5 percent of the population not working in agriculture, it becomes easy to make assumptions based upon only the prices on the shelves. But, in all actuality, farmers must spend a large percentage of the price they will get after harvest on the inputs necessary to grow the crops that provide food, feed and fuel.