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Thursday, March 31, 2011

More on Expensive Corn

As mentioned in my recent blog post 5 Priority Planting Tips To Maximize Your Grocery Bill Savings, the price of corn is rising.  In a span of six months (from July 2010 to January 2011) the price of corn has nearly doubled, and the price of corn is expected to continue to rise.  

Here are some more interesting facts: 
  • "The U.S. is the world's largest producer of field corn, at 13 billion bushels a year [but] sweet corn, the kind we eat on the cob, is less than 1% of total corn grown."  USA Today.   
  • "24% of the U.S. corn crop is now mandated to go to ethanol."  USA Today.
To learn about the factors that are contributing to the rising cost of corn, read this USA Today article

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