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Get READY for a "BIG TRAIN WRECK"??
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<blockquote data-quote="novaman" data-source="post: 760083" data-attributes="member: 2744"><p>We are only now reaching equilibrium on corn prices IMO. It has been floating around the $3.50 range for awhile now. I raise wheat. Up until 2007 I always figured $3.50 to be a good price. Now I am selling wheat for $6-7 and that is looking to be more the norm as well. I don't think they are using wheat to produce ethanol. Corn producers wouldn't survive on $2 corn. Fertilizer expenses would have killed most off by now. I have no problem if corn stayed at $3.50 from now on. It is a fair price for a good product. As far as your argument about human grade food products being used for ethanol, should we stop feeding corn to cattle as well? We are giving up energy by feeding it to them before we eat the animal itself. I'm not saying I am against the practice, but you can't put the blame on ethanol. This sort of increase in demand brings out a lot of good in the form of R & D to become even more efficient in its production.</p></blockquote><p></p>
[QUOTE="novaman, post: 760083, member: 2744"] We are only now reaching equilibrium on corn prices IMO. It has been floating around the $3.50 range for awhile now. I raise wheat. Up until 2007 I always figured $3.50 to be a good price. Now I am selling wheat for $6-7 and that is looking to be more the norm as well. I don't think they are using wheat to produce ethanol. Corn producers wouldn't survive on $2 corn. Fertilizer expenses would have killed most off by now. I have no problem if corn stayed at $3.50 from now on. It is a fair price for a good product. As far as your argument about human grade food products being used for ethanol, should we stop feeding corn to cattle as well? We are giving up energy by feeding it to them before we eat the animal itself. I'm not saying I am against the practice, but you can't put the blame on ethanol. This sort of increase in demand brings out a lot of good in the form of R & D to become even more efficient in its production. [/QUOTE]
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