If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Des Moines Register)   Bad news for those of you who have invested all your money in corn   (desmoinesregister.com) divider line 52
    More: PSA, Iowa, Deere & Co., U.S. Energy Department, United States Department of Agriculture, Osceola, repairs  
•       •       •

3905 clicks; posted to Business » on 13 May 2012 at 9:36 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



52 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread

First | « | 1 | 2 | » | Last | Show all
 
2012-05-13 07:06:06 PM  
something's reaped and taken from me, from me
 
2012-05-13 07:25:02 PM  
i49.tinypic.com

/wut, son?
 
2012-05-13 07:38:01 PM  
Great, now Paul Newman's gonna have my legs broke.
 
2012-05-13 07:45:42 PM  
the midwest monoculture is long overdue for a reboot. we could start with pulling subsidies from corn and soybeans. and killing off Monsanto's phony patent on GM seeds, as well as their prosecution of people that try not to use them.
 
2012-05-13 07:52:29 PM  

SpikeStrip: something's reaped and taken from me, from me


Yep, yous gonna get reaped.
 
2012-05-13 07:56:59 PM  

Generation_D: the midwest monoculture is long overdue for a reboot. we could start with pulling subsidies from corn and soybeans. and killing off Monsanto's phony patent on GM seeds, as well as their prosecution of people that try not to use them.


and stop using the food supply to make a poorly performing gasoline-substitute.
 
2012-05-13 08:04:17 PM  

cmunic8r99: Generation_D: the midwest monoculture is long overdue for a reboot. we could start with pulling subsidies from corn and soybeans. and killing off Monsanto's phony patent on GM seeds, as well as their prosecution of people that try not to use them.

and stop using the food supply to make a poorly performing gasoline-substitute.


Do that and corn demand will crash, causing prices to crash and really fixing everything all by itself. And it should be done, corn ethanol is a gigantic mistake.
 
2012-05-13 08:14:28 PM  

I_Am_Weasel: SpikeStrip: something's reaped and taken from me, from me

Yep, yous gonna get reaped.


You mean reap-reaped?
 
2012-05-13 08:17:21 PM  

GAT_00: cmunic8r99: Generation_D: the midwest monoculture is long overdue for a reboot. we could start with pulling subsidies from corn and soybeans. and killing off Monsanto's phony patent on GM seeds, as well as their prosecution of people that try not to use them.

and stop using the food supply to make a poorly performing gasoline-substitute.

Do that and corn demand will crash, causing prices to crash and really fixing everything all by itself. And it should be done, corn ethanol is a gigantic mistake.


Any civilization that burns its food supply deserves to perish.
 
2012-05-13 08:49:16 PM  
Make. Moar. Bourbon.
 
2012-05-13 09:21:00 PM  
SELL MORTIMER SELL
 
2012-05-13 09:45:27 PM  
3.bp.blogspot.com
 
2012-05-13 09:55:22 PM  
How much lead time is necessary to determine whether to produce corn or soybeans? The proportion of land sowed in corn has been rising, which means the corn-soybean rotation has been replaced on many farms with corn-corn.
 
2012-05-13 10:02:38 PM  
I wonder how much healthier Americans would be if all those cornfields were used to grow a wider variety of vegetables? Increased supply would have a downward effect on prices of things like peppers, cucumber, tomatoes, etc. right?

I recall reading someplace (no citation, sorry) that a chicken nugget at McDonald's is almost entirely corn. It's breaded with corn flour, fried in corn oil, and the chicken has often been fed nothing but corn for its whole life. Tell me that's not farked up.
 
2012-05-13 10:27:53 PM  

gameshowhost: [i49.tinypic.com image 315x450]

/wut, son?


what the fark is wrong with that banana
 
2012-05-13 10:34:46 PM  
 
2012-05-13 10:47:20 PM  
I hope they're smarter than tobacco farmers, who should have been looking for new jobs a generation ago.
 
2012-05-13 10:49:56 PM  
So creamed corn will get cheaper? Weeeeeeee!!!!!
 
2012-05-13 10:52:44 PM  
That's why I put all of my money in frozen concentrated orange juice.

/Sell, Mortimer, sell!!!
 
2012-05-13 10:59:24 PM  

Generation_D: the midwest monoculture is long overdue for a reboot. we could start with pulling subsidies from corn and soybeans. and killing off Monsanto's phony patent on GM seeds, as well as their prosecution of people that try not to use them.


I was with you until you started riffing on Monsanto and spouting the same nonsense talking points that have been discredited time and time again.
 
2012-05-13 10:59:57 PM  

MaudlinMutantMollusk: Make. Moar. Bourbon.


I like the cut of your jib. A Bourbon sour is a wondrous thing. Also, Bourbon on the rocks. Also, Bourbon.
 
2012-05-13 11:03:47 PM  
FTFA: The U.S. Department of Agriculture last week forecast a return to more normal corn surpluses of almost 2 billion bushels. The more ample supplies could drive down corn prices to as low as $4.20 per bushel by year's end, compared with an average price of $6.20 in 2011, the USDA predicted.

Yet, despite all this, the price of popcorn at your movie theater is expected to hit $10 for a small, but for $1 more you can upgrade that to a large jumbo tub and we'll let you bring it back during the movie for "free" refills.
 
2012-05-13 11:17:31 PM  
Maybe friggin' food will finally come down.
 
2012-05-13 11:17:33 PM  
Oh. Corn.

Thought subby said porn.
 
2012-05-13 11:21:22 PM  

Generation_D: the midwest monoculture is long overdue for a reboot. we could start with pulling subsidies from corn and soybeans. and killing off Monsanto's phony patent on GM seeds, as well as their prosecution of people that try not to use them.


The subsidies for these crops have been dramatically reduced since 2001. The only USDA payments that we've had since then for our family farm (corn/soybeans/peas) have been nearly trivial, on the order of pennies per acre. Some economists at the University of Iowa have estimated that the ethanol subsidy has increased the price of corn by ~4%
 
2012-05-13 11:28:25 PM  
I invested soundly in pumpkins. I got a feeling they are going to peak right around January.
 
2012-05-13 11:28:53 PM  

Gortex: I wonder how much healthier Americans would be if all those cornfields were used to grow a wider variety of vegetables? Increased supply would have a downward effect on prices of things like peppers, cucumber, tomatoes, etc. right?

I recall reading someplace (no citation, sorry) that a chicken nugget at McDonald's is almost entirely corn. It's breaded with corn flour, fried in corn oil, and the chicken has often been fed nothing but corn for its whole life. Tell me that's not farked up.


Good luck getting Farmer Bob to do that when he had to mortgage his farm last year to drop $250k on a new harvester.
 
2012-05-13 11:38:08 PM  
"Aha! Once again the conservative sandwich-heavy portfolio pays of for the hungry investor!"

/oblig
 
2012-05-13 11:43:17 PM  

WhyteRaven74: So creamed corn will get cheaper? Weeeeeeee!!!!!


picju.com
 
2012-05-13 11:53:34 PM  

Sum Guye: WhyteRaven74: So creamed corn will get cheaper? Weeeeeeee!!!!!

[picju.com image 640x369]


Mmmyeah. We got creamed eels, corn nog and wadded beef, but..."creamed corn?" What the hell is that?
 
2012-05-14 12:21:13 AM  
OK, maybe I won;t feel overwhelmed with guilt when I get this fall's corn check from ADM. It always feels like a Faustian bargain....
 
2012-05-14 01:09:44 AM  
Once again, the sandwich heavy portfolio pays off for the hungry investor
 
2012-05-14 02:04:47 AM  
Never, ever underestimate the capacity of the average person for greed.

Prime example: the last housing boom.

Corn prices jumped when congress approved the making of Ethanol fuel and approved the using mainly of corn -- which happens to be the most widely used food crop in the US. Corn products are in thousands of goods from food products to industrial.

When corn prices went up, so did the cost of nearly every other food. Not only did every US citizen have to pay more to eat, but so did nations dependant on imports of US corn.

Booms tend not to last. When they end, depending on what they involved, there is always a crash.

There is always a small core group who managed to make billions off the boom who, by the time the crash comes, are unaffected. They are usually the ones who either saw the boom coming or who initiated it themselves. They'll have invested in everything related to the boom, then pulled out well before the inevitable crash.

In the 1980s I could pull up to a truck parked on the roadside, selling anything from surplus Georgia Peaches to 50 lb bags of potatoes, dirt cheap. Fresh corn sold often in grocery stores at 10 ears for $1.00. I could buy a 40 lb box of American tomatoes off the dock of the packing plant for $10.

By 2000, those trucks stopped coming, corn sold often at 4 for a dollar and that 40 lb box of tomatoes had jumped to $30. Apples had quadrupled in price -- in all qualities. Green Bell peppers just exploded in cost. Lettuce jumped up for a time due to weather damage, but went down.

However, beef prices exploded in the 70s due a shortage before the gas crisis. Their prices were NEVER to return to anything approximating normal, even though the production of beef increased tremendously. PLUS we developed processes to use up nearly every bit of scrap, meaning more money made from each cow.

The price of alternative meat, like pork, quadrupled within two years. The cost of seafood tripled once the media started broadcasting how healthy it is for you. It went up again as overzealous commercial fishermen started over fishing and the stocks dropped.

Coincidentally, as fish prices soared in most types, Sardines remained cheap -- until this guy came up with a process to enrich pig food by grinding up tons of sardines and adding it to the mix. Now, the huge sardine schools are diminishing.

And the cost of pork is rising.

Essentially, so many people jump on the bandwagon that they wind up screwing EVERYONE in their scrambling for profit.

Think about it.

Right now your TV is packed with reality programs showing you how to make much money by capitalizing on other peoples misery. (Storage Wars. Luggage Wars. House Flippers. Cash for Gold.) So many programs are on now showing you how to find major bucks in 'hidden treasure' that the metal detector industry is booming. Plus ROVs are becoming so cheap that folks can afford them and go looking for shipwrecks.

I do have to admit that the price for meteorites surprised me. Sold by the gram yet.

Never, ever underestimate the capacity for greed of the average person.
 
2012-05-14 02:18:14 AM  

Rik01: Never, ever underestimate the capacity for greed of the average person.


icanhascheezburger.files.wordpress.com

Lighten the fark up. The boom in scavenging for profit is a temporary thing, it really is harder than it looks and most people give up after a little while. Food prices are going to stay up due to international demand and labor costs.

/Storage locker stuff really is too much like work
 
2012-05-14 03:12:18 AM  
upload.wikimedia.org
I don't always agree with everything he says, but Pollan's book is great just to get people thinking, if nothing else.
 
2012-05-14 03:55:23 AM  
FTA: "Iowa farmers haven't done anything different this year from last, except to plant about 500,000 acres more in corn."

Retarded journalist is retarded.
 
2012-05-14 05:54:17 AM  

DrPainMD: FTA: "Iowa farmers haven't done anything different this year from last, except to plant about 500,000 acres more in corn."

Retarded journalist is retarded.


Yeah I picked up on that when he tried to paint as shocking that the corn farming industry as a whole brought in more revenue state-wide than any one private company.
 
2012-05-14 06:08:42 AM  

DrPainMD: FTA: "Iowa farmers haven't done anything different this year from last, except to plant about 500,000 acres more in corn."

Retarded journalist is retarded.


To be fair, I don't think a 3.7% increase in planted acres is gonna drive prices down as much as TFA is talking about.
 
2012-05-14 07:06:47 AM  
Bring on the E15!!!!!

Funny, everyone biatches about high food prices, yet 46% of Americans are obese. Must be the dollar menu at all the fast food joints.

When 46% of Americans are UNDERWEIGHT, then food prices may be too high. Heck, even the folks in line at the food banks are obese.

Ever notice how skinny folks are in those black and white pictures of the Great Depression?
 
2012-05-14 07:32:47 AM  
Know the difference between sweet corn and field corn. Start there.
 
2012-05-14 07:36:15 AM  

Gortex: I wonder how much healthier Americans would be if all those cornfields were used to grow a wider variety of vegetables? Increased supply would have a downward effect on prices of things like peppers, cucumber, tomatoes, etc. right?


`
No, not really. For some strange reason
'things like peppers, cucumber, tomatoes, etc. ' tend to not grow well in industrial scale corn fields in Farking Iowa!.

`
Also combines (you know, for harvesting grain crops) don't work too well for harvesting ve
getable crops. Crops like peppers, cucumber, tomatoes, etc. are harvested by hand to avoid damaging them. Good luck finding people to do the work.
/we've grow tons of corn because it is easy to pick/process mechanically.
 
2012-05-14 07:46:04 AM  

rogue49: Maybe friggin' food will finally come down.


Food is too cheap as it is.

/eat less fattie
 
2012-05-14 07:47:29 AM  
Good, corn is horrible for the soil, anything to encourage more rotation is great.
 
2012-05-14 07:52:51 AM  

Gortex: I wonder how much healthier Americans would be if all those cornfields were used to grow a wider variety of vegetables? Increased supply would have a downward effect on prices of things like peppers, cucumber, tomatoes, etc. right?

I recall reading someplace (no citation, sorry) that a chicken nugget at McDonald's is almost entirely corn. It's breaded with corn flour, fried in corn oil, and the chicken has often been fed nothing but corn for its whole life. Tell me that's not farked up.


Here's some reading for you. Enjoy!
 
2012-05-14 08:14:04 AM  
 
2012-05-14 08:26:09 AM  

Satanic_Hamster: Oh. Corn.

Thought subby said porn.


So did I. I was wondering who really "buys" porn, and how they could possibly consider it an investment.
 
2012-05-14 08:27:58 AM  

Bleyo: Corn is killing tequila!


How the fark can agave be so cheap with the insane amount of tequila being made these days?
 
2012-05-14 08:40:43 AM  

GAT_00: cmunic8r99: Generation_D: the midwest monoculture is long overdue for a reboot. we could start with pulling subsidies from corn and soybeans. and killing off Monsanto's phony patent on GM seeds, as well as their prosecution of people that try not to use them.

and stop using the food supply to make a poorly performing gasoline-substitute.

Do that and corn demand will crash, causing prices to crash and really fixing everything all by itself. And it should be done, corn ethanol is a gigantic mistake.


images.wikia.com
Second.
 
2012-05-14 10:19:07 AM  

Pick: Bring on the E15!!!!!

Funny, everyone biatches about high food prices, yet 46% of Americans are obese. Must be the dollar menu at all the fast food joints.

When 46% of Americans are UNDERWEIGHT, then food prices may be too high. Heck, even the folks in line at the food banks are obese.

Ever notice how skinny folks are in those black and white pictures of the Great Depression?


Well, modern overeating is only part of that. We've gotten a lot more sedentary since the 1930s. A lot more people were involved in farming/ agriculture, or manual labor (*were*, prior to the crash)...and even those that didn't; many actually *walked* to get to places.
 
2012-05-14 10:26:00 AM  
Good.

Between HFCS and ethanol, these a-holes have been farking over the country for years.
 
Displayed 50 of 52 comments

First | « | 1 | 2 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report