Buy Feed Corn: They're about to stop making it.

[tom_paine]

http://onlinejournal.com/artman/publish/article_2309.shtml



That bowl of Kellogg’s Cornflakes on the breakfast table, or the portion of pasta or corn tortillas, cheese or meat on the table is going to rise in price over the coming months as sure as the sun rises in the East. Welcome, ladies and gentlemen, to the new world food price shock, conveniently timed to accompany our current world oil price shock.

Curiously it’s ominously similar in many respects to the early 1970s when prices for oil and food both exploded by several hundred percent in a matter of months. That mid-1970s price explosion led President Nixon to ask his old pal, Arthur Burns, then Chairman of the Fed, to find a way to alter the CPI inflation data to take attention away from the rising prices. The result then was the now-commonplace publication of the absurd “core inflation” CPI numbers--sans oil and food. Stephen Roche was the young Fed economist who was assigned the statistical manipulation job by Burns.

The late American satirist, Mark Twain once quipped, “Buy land: They’ve stopped making it . . ." Today we can say almost the same about corn or all grains worldwide. The world is in the early months of the greatest sustained rise in grain prices, for all major grains including maize, wheat, rice that we have seen in three decades. Those three crops constitute almost 90 percent of all grains cultivated in the world.

Washington’s calculated, absurd plan

What’s driving this extraordinary change? Here things get pretty interesting. The Bush Administration is making a major public relations push to convince the world it has turned into a “better steward of the environment.” The problem is that many have fallen for the hype.



Ok...I have to ask, are the Bushies, in fact, evil aliens terraforming our planet into the barren wasteland they prefer, as in that movie with Charlie Sheen?

http://us.imdb.com/title/tt0115571/

Ok, I realize the likelihood is only about 1%, but isn't that about 100,000 times greater a chance that it was before 2000?

[lazer47]

1. I mix my own grain for my LLamas, I buy cracked corn all the time

and havent heard of anything like this yet,,,at the CO-OP anyway

[tom_paine]

2. Perhaps it is only the big industrial grain production we are talking about here

Just as CCD on the bees doesn't seem to effect organic hives, naturally managed.

It is the corn of the farmers whom you are buying from, I would guess, but at any rate, I can ulimately vouch for none of it. I'm just reprinting the article.

Also, maybe next time you're at the Co-Op, ask someone in the known about the agribusiness, especially big agribusiness, in your area.

Peace.

[lazer47]

3. The biggest there is, is right here in town ( Cargill), I wouldn't trust

that bunch anymore than GWB

[NMDemDist2]

4. the only up side I can see from this is that High Fructose Corn Syrup

will be too expensive to add to *Every Darned Thing* on the supermarket shelves

if that's the case, watch the diabetes rates start heading down (hopefully)

[enough]

5. One paragraph sums it up.

snip>

This year the Massachusetts Institute of Technology issued a report concluding that using corn-based ethanol instead of gasoline will have no impact on greenhouse gas emissions, and would even expand fossil fuel use due to increased demand for fertilizer and irrigation to expand acreage of ethanol crops. And according to MIT “natural gas consumption is 66 percent of total corn ethanol production energy,” meaning huge new strains on natural gas supply, pushing prices there higher.

snip>