Corn Economy

<a href="http://www.nationalledger.com/artman/publish/article_272619238.shtml">The Importance of the Corn Economy</a><br />n<br />n<blockquote>Our food supply depends to a large extent on corn. We feed corn to cattle and cows to provide meat on the table and milk in our glass. It is fed to chickens to provide a staple in our diet and eggs for our morning breakfast. Corn is used to make fructose which is a basic ingredient used to satisfy our "sweet tooth". And, unfortunately, it is now used as a tool by global warming zealots who want to change our way of life.<br />n<br />nThe growing craze to adapt ethanol to a transportation fuel has such far reaching consequences that our and the entire world's economy, and all our food sources, are disastrously affected.<br />n<br />nWe have been warned by economists that the our growing dependence on corn will cause soaring prices for food if the nation suffers a drought in the Midwest but even now under "normal" conditions the costs of many foods have increased greatly just because of the present of ethanol binge. At the current rate of corn usage for nonfood purposes we can see eggs at well over $4.00 a dozen and meat prices skyrocketing.</blockquote><br />n<br />nNot much different than everything else I've talked about in this vein except for one thing. This article does bring up the point of a drought or other weather calamity affecting the corn crop and how it might then affect other things. Something I hadn't considered yet. If I remember my La Nina information right, with a full fledged La Nina going on now the corn belt could be drier than normal this year causing corn supply disruptions. Are you ready for food prices to even soar more?<br />n<br />n<strong>The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics. Thomas Sowell</strong>