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(Bidness Etc)   Corn in trouble   (bidnessetc.com ) divider line
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2228 clicks; posted to Business » on 28 Jul 2014 at 10:37 AM (1 year ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-07-28 08:18:55 AM  
The dip in corn prices is expected to adversely affect incomes in the US farm belt, since corn is the largest crop produced in the US...

I dunno about that. I'll have to check with my millionaire buddy who makes his cash the old fashioned way, leasing out cornfields. I'm sure he knows about crop loss, farmers insurance, and tax avoidance. I seriously doubt he will see any loss.
 
2014-07-28 09:24:58 AM  
They clearly need more subsidies.
 
2014-07-28 10:27:16 AM  
Obviously what we need is more HFCS.  It's good, and good for you!
 
2014-07-28 10:42:06 AM  
As a cattlemen I welcome cheap corn.
 
2014-07-28 10:43:43 AM  
WOOT! $10 filet mignon! $1.00 hamburger! $2.99 baby back ribs!
 
2014-07-28 10:45:48 AM  

Land_of_the_Magic_Dragon: As a cattlemen I welcome cheap corn.


Oh you think the bumper crop will mean more savings for you! You're so cute.

/They'll still find a reason to completely screw you.
//In all seriousness, I feel bad for cattlemen lately.
 
2014-07-28 10:48:09 AM  
Like they said in Food, Inc, why are we growing so much corn?  Corn lobby and they're guaranteed a a price per pound no matter how much they produce.  Why be a farmer and risk growing almonds when you can know exactly what you'll make at the end of a season growing corn.

Growing up in Kentucky farms grew lots of things: Soy, corn, tobacco, hay, variety of veggies.  Now it's all corn.
 
2014-07-28 10:48:27 AM  
And corn will take another hit when they prefect making bio-fuel from kudzu.
 
2014-07-28 10:49:03 AM  

Demetrius: Obviously what we need is more HFCS.  It's good, and good for you!


Well according to their commercials its just the same as cane sugar.
 
2014-07-28 10:57:39 AM  

stuhayes2010: Like they said in Food, Inc, why are we growing so much corn?  Corn lobby and they're guaranteed a a price per pound no matter how much they produce.  Why be a farmer and risk growing almonds when you can know exactly what you'll make at the end of a season growing corn.

Growing up in Kentucky farms grew lots of things: Soy, corn, tobacco, hay, variety of veggies.  Now it's all corn.


Yep. I don't understand why farm subsidies shouldn't align with the food pyramid (or whatever the hell we're using these days). Like why things like broccoli, cauliflower, spinach, and almonds aren't among our most heavily subsidized crops.
 
2014-07-28 11:01:03 AM  

ajgeek: Land_of_the_Magic_Dragon: As a cattlemen I welcome cheap corn.

Oh you think the bumper crop will mean more savings for you! You're so cute.

/They'll still find a reason to completely screw you.
//In all seriousness, I feel bad for cattlemen lately.


I know better then to expect cheaper feed. Don't feel completely sorry for us. Beef on hoof is at record highs.
 
2014-07-28 11:02:01 AM  

stuhayes2010: Like they said in Food, Inc, why are we growing so much corn?  Corn lobby and they're guaranteed a a price per pound no matter how much they produce.  Why be a farmer and risk growing almonds when you can know exactly what you'll make at the end of a season growing corn.

Growing up in Kentucky farms grew lots of things: Soy, corn, tobacco, hay, variety of veggies.  Now it's all corn.


Price per bushel.
 
2014-07-28 11:03:37 AM  
You guys use corn cobs for bumpers? Genius!
 
2014-07-28 11:13:22 AM  

Land_of_the_Magic_Dragon: ajgeek: Land_of_the_Magic_Dragon: As a cattlemen I welcome cheap corn.

Oh you think the bumper crop will mean more savings for you! You're so cute.

/They'll still find a reason to completely screw you.
//In all seriousness, I feel bad for cattlemen lately.

I know better then to expect cheaper feed. Don't feel completely sorry for us. Beef on hoof is at record highs.


Stop feeding them corn, for starters.
 
2014-07-28 11:18:44 AM  

majestic: Land_of_the_Magic_Dragon: ajgeek: Land_of_the_Magic_Dragon: As a cattlemen I welcome cheap corn.

Oh you think the bumper crop will mean more savings for you! You're so cute.

/They'll still find a reason to completely screw you.
//In all seriousness, I feel bad for cattlemen lately.

I know better then to expect cheaper feed. Don't feel completely sorry for us. Beef on hoof is at record highs.

Stop feeding them corn, for starters.


I generally feed very little feed but it still adds up.
 
2014-07-28 11:23:31 AM  

cig-mkr: And corn will take another hit when they prefect making bio-fuel from kudzu.


they pretty much have (and the same for rapeseed, switchgrass, algae, the list goes one)

but those don't have a lobby
 
2014-07-28 11:39:49 AM  

swankywanky: cig-mkr: And corn will take another hit when they prefect making bio-fuel from kudzu.

they pretty much have (and the same for rapeseed, switchgrass, algae, the list goes one)

but those don't have a lobby


which is why we went with the least efficient plant for making biofuel
 
2014-07-28 11:52:22 AM  
So people with investments in corn are in the hole?
 
2014-07-28 11:55:37 AM  
They were in trouble when "Follow The Leader" released. Subby's about 15 years behind the times.
 
2014-07-28 12:09:15 PM  
I assume this means the leaches in the corn belt will expect more welfare while they bitterly complain about government interference in their lives?

Interesting how those boot strappy people expect that their livelihood will always be subsidized by the government, for them and their children.  I've had a few businesses and I don't remember a single time when I was in trouble that the government was ever expected to help me out.

Maybe if there is too much of one crop, there should be less farmers?
 
2014-07-28 12:36:58 PM  

stuhayes2010: Like they said in Food, Inc, why are we growing so much corn?  Corn lobby and they're guaranteed a a price per pound no matter how much they produce.  Why be a farmer and risk growing almonds when you can know exactly what you'll make at the end of a season growing corn.

Growing up in Kentucky farms grew lots of things: Soy, corn, tobacco, hay, variety of veggies.  Now it's all corn.


They thought it'd be cute to make the planet like a giant Crispix:  Corn on one side, rice on the other.
 
2014-07-28 01:19:36 PM  

groppet: Demetrius: Obviously what we need is more HFCS.  It's good, and good for you!

Well according to their commercials its just the same as cane sugar.


Mostly, with the exception that it's so cheap that food manufacturers put it in everything as both a sweetener and a preservative.
Even some pre-sliced breads have farking HFCS in them. Bread, FFS.
 
2014-07-28 01:20:51 PM  

swankywanky: cig-mkr: And corn will take another hit when they prefect making bio-fuel from kudzu.

they pretty much have (and the same for rapeseed, switchgrass, algae, the list goes one)

but those don't have a lobby


The rapeseed lobby could piggyback with the rape lobby. They seem to have made huge inroads with the GOP.
 
2014-07-28 01:32:04 PM  

El Dudereno: swankywanky: cig-mkr: And corn will take another hit when they prefect making bio-fuel from kudzu.

they pretty much have (and the same for rapeseed, switchgrass, algae, the list goes one)

but those don't have a lobby

The rapeseed lobby could piggyback with the rape lobby. They seem to have made huge inroads with the GOP.


I thought agribusiness long ago switched to the more marketable and less-rapey, 'Canola'.
 
2014-07-28 01:33:08 PM  
Has corn been out drinking, robbing, and hitting on the white women again?
 
2014-07-28 02:13:29 PM  

jjorsett: I thought agribusiness long ago switched to the more marketable and less-rapey, 'Canola'.


In the US & Candada, but canola is a rapeseed variant

http://en.wikipedia.org/wiki/Canola#Canola_oil
 
2014-07-28 03:48:21 PM  
I'm investing a lot right now in pumpkin futures, which should peak in January.
 
2014-07-28 04:36:37 PM  
i.ytimg.com
 
2014-07-28 05:55:33 PM  
It's a temporary thing.
 
2014-07-28 06:03:57 PM  

clkeagle: stuhayes2010: Like they said in Food, Inc, why are we growing so much corn?  Corn lobby and they're guaranteed a a price per pound no matter how much they produce.  Why be a farmer and risk growing almonds when you can know exactly what you'll make at the end of a season growing corn.

Growing up in Kentucky farms grew lots of things: Soy, corn, tobacco, hay, variety of veggies.  Now it's all corn.

Yep. I don't understand why farm subsidies shouldn't align with the food pyramid (or whatever the hell we're using these days). Like why things like broccoli, cauliflower, spinach, and almonds aren't among our most heavily subsidized crops.


You have seen the classic food pyramid, right? Cereals and grains are the base, the most heavily consumed food group, due to agricultural lobbying and against the wishes of the nutritionists who conceived the initial draft.


upload.wikimedia.org

Of course grains are also durable and can be stored for a long time, while greens and fruits and veggies tend to be much more perishable too.
 
2014-07-28 07:43:56 PM  

PreMortem: The dip in corn prices is expected to adversely affect incomes in the US farm belt, since corn is the largest crop produced in the US...

I dunno about that. I'll have to check with my millionaire buddy who makes his cash the old fashioned way, leasing out cornfields. I'm sure he knows about crop loss, farmers insurance, and tax avoidance. I seriously doubt he will see any loss.

That's old fashioned. I make my farm money by not growing things.
 
2014-07-28 08:15:48 PM  

Leopold Stotch: clkeagle: stuhayes2010: Like they said in Food, Inc, why are we growing so much corn?  Corn lobby and they're guaranteed a a price per pound no matter how much they produce.  Why be a farmer and risk growing almonds when you can know exactly what you'll make at the end of a season growing corn.

Growing up in Kentucky farms grew lots of things: Soy, corn, tobacco, hay, variety of veggies.  Now it's all corn.

Yep. I don't understand why farm subsidies shouldn't align with the food pyramid (or whatever the hell we're using these days). Like why things like broccoli, cauliflower, spinach, and almonds aren't among our most heavily subsidized crops.

You have seen the classic food pyramid, right? Cereals and grains are the base, the most heavily consumed food group, due to agricultural lobbying and against the wishes of the nutritionists who conceived the initial draft.


[upload.wikimedia.org image 730x569]

Of course grains are also durable and can be stored for a long time, while greens and fruits and veggies tend to be much more perishable too.


Even that old version had sugar at the top. Corn that is grown for HFCS production is unsuitable for grain production... the wrong crop is still being subsidized by that pyramid.
 
2014-07-28 09:31:46 PM  
But are they corn of action?
 
2014-07-28 10:39:58 PM  

clkeagle: Leopold Stotch: clkeagle: stuhayes2010: Like they said in Food, Inc, why are we growing so much corn?  Corn lobby and they're guaranteed a a price per pound no matter how much they produce.  Why be a farmer and risk growing almonds when you can know exactly what you'll make at the end of a season growing corn.

Growing up in Kentucky farms grew lots of things: Soy, corn, tobacco, hay, variety of veggies.  Now it's all corn.

Yep. I don't understand why farm subsidies shouldn't align with the food pyramid (or whatever the hell we're using these days). Like why things like broccoli, cauliflower, spinach, and almonds aren't among our most heavily subsidized crops.

You have seen the classic food pyramid, right? Cereals and grains are the base, the most heavily consumed food group, due to agricultural lobbying and against the wishes of the nutritionists who conceived the initial draft.


[upload.wikimedia.org image 730x569]

Of course grains are also durable and can be stored for a long time, while greens and fruits and veggies tend to be much more perishable too.

Even that old version had sugar at the top. Corn that is grown for HFCS production is unsuitable for grain production... the wrong crop is still being subsidized by that pyramid.


In all honesty dent corn can suit 3 areas of the piramid.  Sweets (HFCS), protein (beef) and cereal (corn meal).
 
2014-07-28 10:46:44 PM  
Wait, I thought global climate change meant less food crops and more starving people.
 
2014-07-28 11:15:01 PM  

Pick: WOOT! $10 filet mignon! $1.00 hamburger! $2.99 baby back ribs!


Yeah, I thought that would happen with the brain disease in the cows about 4 years ago.  It didn't happen, maybe prices at the grocery stayed the same for a while, but it didn't decline.
 
2014-07-29 10:31:20 PM  
Bourbon is made from corn so that'll get cheaper, right?

If you'd just make them stop watering down everything decent I'll pay the current price. As it is I switched to vodkas made from wheat, rye and potatoes.
 
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