US Corn Crop Drought Effect. (money, costs, stock, dollar)

[Icy Tea]

This might be bad to terrible. We had isolated areas of drought other years but other areas did well with corn and wheat harvests. Now the effect is more widespread. Even in our area of Pa we were doing fine until the end of June when we had no rain. Now things are getting dicey. Its far worse in the midwest.
Other than praying for a hurricane to come up the east coast, ther eisn't much you can do.
But this will drive food costs up and there just isn't much more people can afford to spend. if they pay more for food thats money that won't be spent elsewhere.

[myrc60]

Yet it's in our oil supply and doesn't belong there. Food is to be eaten not burned!

The corn I see here in SC looks terrible if it isn't being watered by hand.

[modeerf]

Originally Posted by myrc60

Yet it's in our oil supply and doesn't belong there. Food is to be eaten not burned!

The corn I see here in SC looks terrible if it isn't being watered by hand.

You don't want to eat the corn that goes into Ethanol production, the distiller grain goes into the animal feed and that is bad enough.

Look for beef, chicken, pork and turkey prices to increase, due to a lack of this feed stock that has been priced into the entire system.

[Icy Tea]

Corn, soybeans, dairy, poultry, beef, pork, everything will go up. I guess ethanol costs will go up, too. I did read that lobster prices have gone down. Not my favorite shellfish, though.

[Skydive Outlaw]

A can of corn, currently at the grocery store - .79 cents.


A can of corn after everyone freaks out about "the drought" and panic sets in, driving up prices - 1.39
per can.


Nobody in the US is going to starve because of this. And it would be a good reason for the Great Redistributors in Washington D.C. to send more federal money to states so they can give people more money for food stamps, or EBT cards.


Drough Drama 2012 . . .

[Bulldogdad]

Corn six for a dollar here. Farmers markets locally are predicting 10-12 for a dollar come the third and fourth week of August.

Yes I know that is eating corn and different from feed and ethenol corn.

However I an stocking up on #10 canned corn from Costco just incase.

[Pruzhany]

Well I guess its time to switch from Ethanol to Methanol, since there is plenty of coal out there. Somebody call the Coal Lobbyists and tell them to ratchet up production.