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Originally Posted by jon1856
One of the many reasons out wallets are hurting is that corn, and a few other products, are being taken out of the food chain and "used" for other reasons.
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Sweet Jebus I hate the food/fuel debate. Yes, an increasing amount of corn is being used for biofuels, but is only a small part of the overall increase in costs. There is so much more to the process than OMGYOURETAKINGAWAYFOODFROMSTARVINGBABIESINAFRICA!
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And right now, with all the rain in the Mid-West, less than 1/2 of the crop is even in the ground! Way behind planting season.
Add to that the drought in other parts of the world, we will be feeling even worse.
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It's predicted this year will be worse than 1993 for flooding in many areas of the Midwest and that was a very bad year for floods.
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Originally Posted by KSig RC
Never mind the hundreds of millions of dollars in subsidies paid to farmers, who are reaping record profits on their crops, as well - yet we vilify oil companies. It's unreal.
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Rob, I really respect your opinion on most all subjects, and considering you actually live in the state, you have a better understanding of the situation than most. I understand the point you're making, but because of my personal and family attachments to agriculture, I can't agree with you 100%. I hate the fact that the vast majority of the subsidies are going to companies like ADM and Cargill, but even small farmers are benefiting from the recent prices.
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Originally Posted by jon1856
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It will take a few years to actually tell, but I think the most recent farm bill (passed in May) made some decent strides in changing the way subsidies are paid out. And subsidies are only about 14% of the total farm bill. Subsidies and crop insurance together still make up just under 25% of the bill
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