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LWJ2009 |
Stock up the corn crisis is upon us!!
Jul 19 2012, 2:40 PM EDT
Well folks were due in for some rough times in the future. Since Corn prices have doubled due to the massive loss of crops this summer. Which means that food prices are going to skyrocket and the impact on family budgets will be drastic. Are you making plans to stock up on food now? Do you have any big ticket items you want to get with your money while you can still budget it?
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BigLoki |
1. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 3:31 PM EDT
Oh, it will increase the prices of nearly everything too. Corn prices control a lot more than people in general seem to think. In the past, whenever corn spikes, so does meat, and dairy, most prepared goods, ect. Other crops that weren't affected (or not nearly as bad) skyrocket also, as if to keep pace... going to be a lean year for me I'm afraid.
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LWJ2009 |
2. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 3:44 PM EDT
"Oh, it will increase the prices of nearly everything too. Corn prices control a lot more than people in general seem to think. In the past, whenever corn spikes, so does meat, and dairy, most prepared goods, ect. Other crops that weren't affected (or not nearly as bad) skyrocket also, as if to keep pace... going to be a lean year for me I'm afraid."What people do not realize is that corn is one of the staples of the American way of life. Everything from meat prices, soda and pet food use corn in form or another. I can imagine my families monthly expenses going up about 20 percent...... which means less free income to do other things with. Do you find this valuable? |
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BigLoki |
3. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 3:55 PM EDT
It won't be just us... the U.S. produces around 1/3 of the corn in the world market. Animal feed, pet food, ethanol, filler in most prepared foods, corn starch, corn syrup, booze, it's hard to imagine an industry that isn't touched by corn shortages.
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wantmarmite |
4. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 5:48 PM EDT
I get meat from local farmers. Free range, organic, no hormones or anti-biotics. I paid for one years worth frozen with a 2.5 year shelf life. Worthless if there was a disaster, but meat price increases won't be seen in my budget for awhile. I eat a lot of rice and can't be bothered to make lots of trips for it. So I buy it in these massive bags and have it delivered. Again worthless in a disaster, I can't carry those bags.Most things I prefer fresh, but the meat tastes good despite being frozen. I don't tend to eat much in the way of corn products. If it raises alcohol prices, I'll be sad. Do you find this valuable? |
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LWJ2009 |
5. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 5:54 PM EDT
"I get meat from local farmers. Free range, organic, no hormones or anti-biotics. I paid for one years worth frozen with a 2.5 year shelf life. Worthless if there was a disaster, but meat price increases won't be seen in my budget for awhile. I eat a lot of rice and can't be bothered to make lots of trips for it. So I buy it in these massive bags and have it delivered. Again worthless in a disaster, I can't carry those bags.Yes some alcohol prices will go up. Stock up now unless your a vodka or rum drinker! Do you find this valuable? |
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timberrattler |
6. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 6:13 PM EDT
The corn crop in our county is terrible. The worst since '88 and that's saying something.Remember though the media will blow this out of proportion and supermarket chains will play it for all it's worth. Farmers only get a few pennies out of a loaf of bread or a box of corn flakes. So those pennies will double and in reality your corn flakes shouldn't cost but a few pennies more. They also had a very good crop last year and there should be plenty of grain in storage at this time. I'd say livestock farmers will liquidate there stock. So in therory meat prices should drop drastically for a while. Will that happen? Hard to say, they might get beef and pork dirt cheap and stick it to you at the check out counter anyway. Remember also that if we'd just keep a short crop within our borders and didn't ship so much of it overseas we'd be fine. It's crazy, I live in farm country and I've picked up steaks from cattle raised in New Zeland at the local grocery store while in Japan someone is enjoying the grain fed beef that was raised down the road. It's like oil. They talk about "Drill baby drill!" but a lot of the oil we produce leaves our shores. 4 out of 4 found this valuable. Do you? |
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LWJ2009 |
7. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 6:39 PM EDT
"The corn crop in our county is terrible. The worst since '88 and that's saying something.But how much will retailers etc blow this up?? Quite a bit, any excuse to gouge the customer and make more money will be used. So the increase is still the same regardless of how bad the situation is. 1 out of 1 found this valuable. Do you? |
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timberrattler |
8. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 7:00 PM EDT
"But how much will retailers etc blow this up?? Quite a bit, any excuse to gouge the customer and make more money will be used. So the increase is still the same regardless of how bad the situation is. "You are correct sir. Facts don't matter as much as rumors and speculations. Stock traders have moved to the commodity market. They play with things like oil and grain because stocks have become stagnant. There is no reason for gas prices to be as high as they are. There will be no reason for grain prices to be as high as they will be. Somewhere a rich man who knows how to play the game will be toasting to his good fortune while the poor workin' man who made him rich struggles to hang on to what little he has. 1 out of 1 found this valuable. Do you? |
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nightcreeper78 |
9. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 7:09 PM EDT
"The corn crop in our county is terrible. The worst since '88 and that's saying something.The corn really doesn't affect the cattle that bad. Normally corn is just a supplement, but their real meat and taters is hay. Ours, and alot of other people's, pasture is about burnt to a crisp due to the drought. We have been feeding hay that we had baled up back in May/ June for about three weeks now. Usually we start feeding late October early November. We could possibly buy hay or sell some cattle, we'll just have to see what happens. A couple of years ago people were saying there was going to be a corn shortage due to flooding. It ended up with 20% more corn than was ever produced in history, but most of it was tied up in futures for ethanol. So it was a man-made shortage. Do you find this valuable? |
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timberrattler |
10. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 7:22 PM EDT
"The corn really doesn't affect the cattle that bad. Normally corn is just a supplement, but their real meat and taters is hay. Ours, and alot of other people's, pasture is about burnt to a crisp due to the drought. We have been feeding hay that we had baled up back in May/ June for about three weeks now. Usually we start feeding late October early November. We could possibly buy hay or sell some cattle, we'll just have to see what happens.Whoever decided to use food as fuel needs a swift kick in the nutz. I believe it takes more fossil fuel to produce ethanol than the actual amount of ethanol produced. They burn a lot of natural gas cooking that stuff not to mention all the diesel involved in putting out a crop and getting it to market. They use a lot of corn on cattle feed lots where they fatten them up before they're slaughtered. Massive amounts of grain is fed to every kind of livestock imaginable. Turkeys, chickens, hogs, sheep ect... Hell even fish for that matter. Do you find this valuable? |
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shadowmancer |
11. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 7:51 PM EDT
| Post edited: Jul 19 2012, 7:58 PM EDT
The stupidity in biofuels is not creating the fuel itself but the source matter of said fuel. I think it is utterly stupid to process eddible foodstuffs into fuel. Rotting food is another matter it is waste anyways and the leftovers still will compost. I've been working on a fermentation barrel which would convert waste food scraps plant into a low % alchohol solution. My little experiment uses use the food thrown out or otherwise waste sources. With traditional distilation and an unorthadox dehydration method I was able to aquire 1 L of pure alcohol. I've been thinking of attempting to create a passive solar still to attempt to refine my raw waste based alcohol but I don't know if it would work. If my idea works it could drive down the cost of comercially purchased food because it would turn the expired waste product which inflates the final cost to the consumer into a viable product. You pay not only for the 1 box of pasta you buy but for the 8 they threw away. My untraditional dehydration method is lime mortar manufacture, something I use anyway. You have to submerge the cooked limestone in water, I dunk it in my alcohol solution let it absorb the water and voila pure alcohol is left. I don't know if my little setup is viable beyond the small scale but I like the idea of using waste to augment the current fuel supply. 2 out of 2 found this valuable. Do you? |
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redcomrad |
12. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 8:07 PM EDT
"The stupidity in biofuels is not creating the fuel itself but the source matter of said fuel. I think it is utterly stupid to process eddible foodstuffs into fuel. Rotting food is another matter it is waste anyways and the leftovers still will compost. I've been working on a fermentation barrel which would convert waste food scraps plant into a low % alchohol solution. My little experiment uses use the food thrown out or otherwise waste sources. "good job my friend, lets go earth but yaa i told my grandma and mother about this(they are quite intelligent and knoledgible) and they knew how bad this could get especially since consumer stores and stuff will probably inflate and blow this out of proportion. I thought the reason the harvest was so bad is because of are bad planting methods(planting the same crop over and over year after year depletes the soil which is the reason farmers have to use fertilizers and pesticides.) also because i have heard about some type of drought, I fear if global warming isn't under control soon these droughts and such will become more common in the future. The Brazilians are a lot more smarter about this, they don't use edible corn to make ethanol they use sugar cane which is much better since well it is just a spice, not a foodstuff. Do you find this valuable? |
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BigLoki |
13. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 9:17 PM EDT
The problem really is this: Perception is "reality".Whether there really is a problem or not, it has been VOICED that there is a problem. That's all that needed to happen to justify inflating prices, and cornering markets. I'm not farmer, but I have seen instances where farmers have been instructed to destroy their harvests, and dump milk, ect.; at a higher price than they would have made having put it on the market. This was to control the flow of the food sources, to influence the market prices. Supply and demand dictates that if both are equal, the price will remain unchanged. Increasing supply and not demand equals lower prices (all in a nutshell, easy concepts). When you wish to inflate the price, you need to curb the supply, which falsely inflates the demand; justifying higher prices. When market speculators are already hitting the panic button so early in the harvest season, it will affect each subsequent part in the chain. So whether or not the crop makes it, the inflation has been justified, hence justifying the inflation of nearly every fathomable market that could be tied to produce in even the most obscure ways. It's not just corn, it's essentially every produce crop save for grains, and beans. So yeah, whether it is actual, or media exploitation, we are in for it regardless. 3 out of 3 found this valuable. Do you? |
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11ACRBlackhorse |
14. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 10:01 PM EDT
| Post edited: Jul 19 2012, 10:32 PM EDT
Corn will effect almost everything. Corn syrup and sweetener used in candy, snacks, soda, and other priducts. Corn oil used in cooking chips and pastries and other stuff. Corn in feed for animals. Ethanol is right now @ a government mandated 10% and slotted for a mandatory 15% soon. It is illegal to sell gas without ethanol the exceptions being recreational fuels. IE boat and racing fuels. Oh ethanol can't be pipelined so it has to go by train, truck, and or boat/barge. All extra costs. With a corn shortage feed lots will switch to grains, beans, and other crops. They've done it before but corn is cheaper. Same thing with anyone else that uses corn or it's products. They will shift to cheaper and or more easily available substitutes. Japan eats US beef because US Angus beef is some of the finest. And they also consume the tongue, heary, liver, and tail from us more than any other nation. And that is a large part of their US beef consumption. Foreign markets that use cheap corn to feed their people will switch to rice, wheat, and or beans. Corn sweeteners will be replaced with sugar when possible. But no matter how it's handled prices will rice in all agricultural markets and spill into everything else. And agreed whoever thought food crops should be fuel needs prison time and or fined their life savings 1 out of 1 found this valuable. Do you? |
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LWJ2009 |
15. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 10:49 PM EDT
"Whoever decided to use food as fuel needs a swift kick in the nutz.Yup corn is used in damn near everything these days, and in a few months the sticker shock will reflect it. However at least we have a bit of a heads up to prepare for the upcoming throttling the various industries are going to unload upon the very people they depend on to stay afloat. Biofuels are as we mostly agree a complete freaking waste of time and energy and just drain our resources. Do you find this valuable? |
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11ACRBlackhorse |
16. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 11:00 PM EDT
"Yup corn is used in damn near everything these days, and in a few months the sticker shock will reflect it. However at least we have a bit of a heads up to prepare for the upcoming throttling the various industries are going to unload upon the very people they depend on to stay afloat. Biofuels are as we mostly agree a complete freaking waste of time and energy and just drain our resources."Food for thought. The farmer gets subsidies/tax breaks for growing ethanol corn Ethanol producer gets a tax break for making it Refiner/fuel plant gets a tax break for using it Gas station gets a tax break for selling it But it is still more expensive than oil based gas. Our government proving they are so brilliant lol Do you find this valuable? |
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nightcreeper78 |
17. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 11:29 PM EDT
"Whoever decided to use food as fuel needs a swift kick in the nutz.You can blame lobbiest and special intrest groups for some of it. Some of it can be blamed on eco-nazis, eventhough ethanol and biofuels are worse pollutants than fossil fuels. There's more crude under the U.S. than we know what to do with, our biggest problem lies in EPA assaults on refineries. They are too strict on the ones that do exist and outright deny and/or roadblock new ones. Most of the wells are drilled and capped and just set there, while we buy crude and refined at inflated prices. The corn used, yellow dent #2, isn't really intended for human consumption. This is not the same stuff as the sweet corn you would have found in your grandparents garden 50 years ago. This is one of those GMO crops that was created for yield more than for substance. I don't deny that massive amounts of grain is used for livestock, it's just not, nor should be their main source of food for certain animals. Turkeys, chickens, and hogs are fine to feed the hell out of, but ruminants like cattle and sheep have negative affects. This is usually when steroids and antibiotics are used to keep the animals system functioning long enough to gain weight for slaughter. I don't even consider feed lot cattle real beef, and the places that do that only represent a small portion of America's cattle industry. Do you find this valuable? |
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LWJ2009 |
18. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 11:50 PM EDT
"You can blame lobbiest and special intrest groups for some of it. Some of it can be blamed on eco-nazis, eventhough ethanol and biofuels are worse pollutants than fossil fuels. There's more crude under the U.S. than we know what to do with, our biggest problem lies in EPA assaults on refineries. They are too strict on the ones that do exist and outright deny and/or roadblock new ones. Most of the wells are drilled and capped and just set there, while we buy crude and refined at inflated prices.Well it still tastes like beef to me, and to be honest GM food has many good things going for it. The ability to grow and produce more in a quicker time, disease resistantance etc etc. These features would be very important in trying to rebuild after a major disaster and would allow people to do so more quickly. Do you find this valuable? |
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IamSlowRide |
19. RE: Stock up the corn crisis is upon us!!
Jul 19 2012, 11:57 PM EDT
Corn...CIA tracking device...
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