really? wrote:
Actually, corn in and of itself can be the main factor that is causing rising food prices. Ethanol has driven demand for corn sky high. I hope that you can acknowledge this.
Thus, more farmers are planting corn instead of other crops. However, demand for those other crops (vegetables, rice, grains) isn't dropping. The supply is. If the supply drops, prices go up. This lack of supply can also cause a shortage of food available. Now, granted, I don't have numbers to back this up, but it is plausible, especially when you consider that corn is used for feed for nearly all animals.
Wrong again.
The corn belt is particularly suited to growing corn and soybeans. They don't grow rice. They don't grow vegetables. At least not on large scale.
The typical corn/soybean rotation with a little wheat at times has not changed significantly. Prices for corn, soybeans and wheat are all at historic highs. Intended acreage reports have roughly the same proportions of crops as we have had in years past.