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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Ish who wrote (660557)11/15/2004 6:14:21 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769670
 
"Corn is selling for $1.70 at the elevator now. Costs $2 per bushel to produce."

Two important points to keep in mind:

1) Worldwide commodity crop subsidies (by artificially driving up production) force DOWN the market clearing price.

2) 'costs $2 / bushel to produce'... WHERE? (US midwest? Australia? China? India?)