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Corn Supplies/Cereal Prices

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Spud View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Spud Quote  Post ReplyReply Direct Link To This Post Posted: 13 Feb 2011 at 7:31pm
Mark, the DTN Ethanol lobby thinks ethanol is a better idea?  I didn't see that one coming.
How about something unbiased.
I still did not see any subsidies in there.  Just tax breaks.  I have never heard of the government forcing people to buy oil, unlike ethanol.
Let's all be honest here.  Ethanol is a sham to buy farm votes.  You can try to defend it all you want but we all know the truth.
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Lonn View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Lonn Quote  Post ReplyReply Direct Link To This Post Posted: 13 Feb 2011 at 7:32pm
Originally posted by CTuckerNWIL CTuckerNWIL wrote:

Tell me it isn't so Lonn. No Hot Dogs? My gosh, next thing you know, you'll be wanting to cut out Apple Pie. What's next? The Stars and Stripes. LOL
Cutting out the diet pop might be the best thing this whole country could do for itself.

Yep, hotdogs and now after a year or so without them I tried one and I could hardly eat it. 
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AllisFreak MN View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote AllisFreak MN Quote  Post ReplyReply Direct Link To This Post Posted: 13 Feb 2011 at 8:09pm
Spud, you talk about being unbiased, how can you be unbiased when you work for the oil industry?
'49 A-C WD, '51 A-C WD, '63 A-C D17 Series III, 1968 A-C One-Seventy, '82 A-C 6060, '75 A-C 7040, A-C #3 sickle mower, 2 A-C 701 wagons, '78 Gleaner M2
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Rogers View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Rogers Quote  Post ReplyReply Direct Link To This Post Posted: 13 Feb 2011 at 8:51pm
SLOW DOWN!
 
I think it is safe to say that practically no one who visits this site wants to see middle eastern oil cartels get rich. I personally don't, and I doubt that very many from the US, Canada, or Australia do either. Such talk is absolutely not necessary. I'll end this post here because is really isn't on topic. It is just a statement of something virtually everyone here can agree on.


Edited by Rogers - 13 Feb 2011 at 8:52pm
Think for yourself and be your own expert. Be willing to change your mind; however, willingness to change your mind doesn’t mean that you will. Blindly following any path is the pinnacle of insanity.
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Rogers View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Rogers Quote  Post ReplyReply Direct Link To This Post Posted: 13 Feb 2011 at 9:20pm
This post brought up ethanol. I simply think it is not the best alternative energy source, and we should be focusing on something else.
 
I will simply say it is not really the most important issue to begin with whether ethanol has the energy of gas. Right now 10 to 15% ethanol is blended into gasoline. That means that we are still purchasing 85 to 90 percent of the oil used for gasoline production. I will grant that is a reduction, but it is not ending our dependence on foreign oil. If ethanol is taken up as a way to reduce dependence on foreign oil it will ultimately lengthen the time we are dependent on foreign oil. That is my real problem with ethanol.
 
Sound stupid? Well think about it. If we begin to produce ethanol it will create another industry which will fight for its existence. We will grow our energy consumption, and even with ethanol we will grow our dependence on foreign oil.
 
On top of that money will rule. It is human nature right or wrong to go after the money. Right now there is x amount of corn grown for food, and y amount grown for other purposes. If there is more money to be made in the y than the x farmers will grow the y corn. That will force up the price of the x when the supply decrease. Some farmers will then grow x corn, but the prices will have gone up to make the decision take place. It is simple economics, and it will happen no matter what paper expert says otherwise.
 
I don't know to what extent it will happen, but I have 0% doubt that regardless of the food value for feed in ethanol corn a reliance on ethanol will drive up the cost of food corn. On a side note which is just more economics as farmers produce more y corn for fuel there will become more and more feed grade corn which will drop the price received once the ethanol is produced. Anyway, I do see the whole picture. I simply do not believe that ethanol will prove to be a solution. It will make some wealthy though, and I don't see any reason why a farmer shouldn't go after that which makes him more money.
Think for yourself and be your own expert. Be willing to change your mind; however, willingness to change your mind doesn’t mean that you will. Blindly following any path is the pinnacle of insanity.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ncrc5315 Quote  Post ReplyReply Direct Link To This Post Posted: 14 Feb 2011 at 3:06am
Ethanol doesn't receive a subsidy either, only tax breaks. And let's not forget why ethanol was mandated. When the oil companies were required to oxygenate gasoline, their solution was MTBE, which the OIL companies forced us to buy. MTBE is nothing but poison, (see section 112b of the clean air act amendment of 1990) which the oil companies now want immunity from liability of the estimated 30 billion dollars it's going to take to clean up the contaminated ground water.  That's a sham the oil companies forced on the american people. Let me ask you this, given the choice would the oil companies even allow me the opportunity to buy ethanol?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote michaelwis Quote  Post ReplyReply Direct Link To This Post Posted: 14 Feb 2011 at 4:17pm
Originally posted by Mark(MO) Mark(MO) wrote:

I can't believe all of the negative ethanol comments on this site. I thought most of you lived in the rural U.S. or more approriately grew up or still live on a farm. There hasn't been a single thing that has done more for rural farm economies than ethanol production. Do you remember the days of $1.90 corn, no market, great stockpiles, the PIC program, the farm crisis of the 80's? I am sure many of you lived through all of that. Why on earth are famrers maligning the one economic advancement that has made their profession profitable again. I don't get it. And to the subject of food vs. fuel, field corn is mostly used for livestock feed, ethanol production and the sweetener market. Very little actually goes directly into human food consumption. The sweet corn (food) market is relatively small and contract driven as someone mentioned earlier. And to the subsidy issue, the oil industry recieves way more subsidies than agriculture, but that is never mentioned. There is a great DTN in depth study that looks at that issue. Why are we content to just keep putting foreign oil in our gas tanks? Have you seen the profits at Exxon/Mobil lately? I just don't get it. I am losing faith in our public and more importantly in our farming community. And for the record, I am a crop and livestock producer. I know what it costs to feed cattle $7 corn. I also know what the local ethanol plant has done for my farm's bottom line.
 Exactly my thoughts .. rural people on an AC website .. i would think most of you would be happy that American farmers are making a buck .. instead of fighting two wars and looasing their sons and daughters in the process .. and the money to do it ..
 Oh thats right .. first time that two wars were fought ..and the bill got slipped in your kids and grandkids pockets .... 


Edited by michaelwis - 14 Feb 2011 at 9:50pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Denis in MI Quote  Post ReplyReply Direct Link To This Post Posted: 14 Feb 2011 at 5:23pm

¢I saw today that corn was at $7.17 a bushell

just thought I would add my .02
¢,
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LouSWPA Quote  Post ReplyReply Direct Link To This Post Posted: 14 Feb 2011 at 5:36pm
Guys,
I'm taking the liberty of jumping this over to political page. You can follow me over there....or continue here. I'm sure the origional post was not ment to be political, but it has become so, so in respect to Darin's wishes I think we need to move
I am still confident of this;
I will see the goodness of the Lord in the land of the living.
Wait for the Lord;
be strong and take heart and wait for the Lord. Ps 27
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Rogers View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Rogers Quote  Post ReplyReply Direct Link To This Post Posted: 14 Feb 2011 at 5:42pm

Lou, I agree. I said before this post should have been on the political forum.

Thanks,
Think for yourself and be your own expert. Be willing to change your mind; however, willingness to change your mind doesn’t mean that you will. Blindly following any path is the pinnacle of insanity.
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michaelwis View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote michaelwis Quote  Post ReplyReply Direct Link To This Post Posted: 14 Feb 2011 at 5:46pm
Originally posted by Denis in MI Denis in MI wrote:

¢I saw today that corn was at $7.17 a bushell

just thought I would add my .02
¢,
Denis
Great .. bring it on.....
WD WD45 DIESEL D 14 D-15 SERIES 2 190XT TERRA TIGER ac allcrop 60   GLEANER F 6060 7040.and attachments for all Proud to be an active farmer
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Larry B View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Larry B Quote  Post ReplyReply Direct Link To This Post Posted: 14 Feb 2011 at 5:49pm
That 7.17 is the trader price on the boaed not the cash price.Alot of the people on this sight think that it's the farmers fault that food  is the price it is but that isn't true. Do you remember in 2008 when corn went up and food did too ? But when corn dropped back to the 2.50-3.00 range the food didn' change, stayed up now they will raise the food prices again, Tell me who is making the money on that one. The problem as i see it is we farmers were subsidising consumers for years with cheap corn  and livestock and now they have to pay up and don't like it.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Coke-in-MN Quote  Post ReplyReply Direct Link To This Post Posted: 14 Feb 2011 at 5:56pm
Lets take it to the POLITICAL SECTION

Edited by Coke-in-MN - 14 Feb 2011 at 5:57pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Spud Quote  Post ReplyReply Direct Link To This Post Posted: 17 Feb 2011 at 8:43pm
Allis Freak.  You are right that I am biased.  I have three kids 1, 4, and 5 years of age that will bear a heavy tax burden for their whole life so you can make bank now.
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