re:
http://www.agweb.com/article/corn_rationing_needs_to_begin/The past eight corn crops have been the largest in U.S. history, so the probability that another large crop will be on tap for 2011-12 is high.
If there is a large crop next year, it is not because of past crop sizes.
It might be because of 3 million more acres will be planted in corn than last year.
Everyone should recognize that the US has a centrally planned economy. The Central Planners (that is Lobbyists and Congressmen) have figured out that:
* taxing foreign ethanol producers $.51/gallon, and
* giving domestic producers $.45/gallon tax credit and now
* the EPA central planners are upping the ethanol-in-gasoline mandate from 10% to 15%
is good for the economy and mileage (wrong).
The Lobby-ists, Congressmen, & EPA don't have a clue. Their actions have resulted in a massive mis-allocation of resources at substantial taxpayer expense.
And it's going to get worse!
The solution is to can our congressmen. Replace them with congressmen who understand the consequences of a Centrally Planned economy, and who will remove these silly taxes, subsidies and mandates. This will permit a truly free market to guide farmers in what to plant and to the number of acres to plant.
