The price of corn will soon affect the price of groceries

By: Amanda Brown Email
By: Amanda Brown Email

ARDMORE, OK--Agriculture experts said the price of food could go up in the months ahead as the price of corn soars.

Madill rancher, Doug Macbeth, has about 150 cows, he said the soaring price of corn will definitely hurt those in the cattle business.

"The corn got awful high 750 a bushel and it cost too much to keep them in the feed lot" said Macbeth.

"In the last 20 to 25 days we've seen the price of corn increase between $2.00 to $2.50 per bushel" said Springer.

Agricultural economist Jobe Springer said he drought has sent the price of corn sky high and even though US farmers planted more corn this year than in the past 75 years they likely won't see an increase in profit.

"96 million acres were planted of corn and they were expecting a large yield this year as well, acres were planted early ,however because of the drought, the dry conditions, the hotter temperatures, this has led to a decrease an expectations of production" said Springer.

Springer said ranchers will be the first to be affected by the rising prices of corn. Those who didn't stock up on hay will have to sell their cattle for less to avoid the expense of keeping them fed.

But Springer said it will also cost more to keep ourselves fed because corn is used in the majority of products consumers buy at the store.

"The prices of the products in the store are going to be increasing here in the near future because of the increase price in corn" said Springer.

"We just need a real good general rain that would help get our corn prices down" said Macbeth.

Springer said it will take some time for the prices to rise which will likely happen in the next 6 to 9 months.

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  • by Joey Location: Denison on Jul 12, 2012 at 03:17 PM
    I find it interesting that those interviewed haven't blamed ethanol production for the higher prices, but the self-proclaimed experts commenting on this thread have. As the story indicates, farmers planted more corn this year than in the past. One could reason they did this because the market for corn has increased in part due to ethanol production. However, as those quoted indicate, it is environmental factors (ie Drought) that has resulted in a smaller harvest, and therefore higher prices. Drought. Is that too difficult to understand? If it is now, it won't be for long, because we shall likely experience more of it as time goes by.
    • reply
      by Anonymous on Jul 12, 2012 at 05:25 PM in reply to Joey
      Supply/demand. Does ethanol put pressure on demand? Well, over 30 percent of the crop goes to ethanol. Regardless of the size of the crop, that fact drives up prices. How difficult is that to understand? And how idiotic is it to use your food to replace something that is already in plentiful supply and much cheaper?
    • reply
      by Logic on Jul 13, 2012 at 06:00 AM in reply to Joey
      The past 12 months have been the hottest on record since records began in 1895. This is a fact these carbon industry "experts" seem to dismiss. They pretend its not the environment, not the weather, but instead Obama. I suppose for these Ostriches with their heads in the sands it will take a little more convincing...maybe food shortages and empty shelves at their beloved WalMart?
      • reply
        by Anonymous on Jul 13, 2012 at 09:13 AM in reply to Logic
        It has nothing to do with heat. A longer growing season means more crops, not less. It has to do with la nina weather patterns back to back that seal off fronts that keep the midwest dry and hot and keeps Canada and Alaska wet and cold. The shortage could be solved immediately by ending ethanol subsidies. The corn for food supply would go up by 30 percent immediately. Ethanol is a shining example of idiotic policy responsible for a collapsing system. Obama is just the poster child for that sort of idiocy, he isn't responsible for that or anything else---just ask him!
        • reply
          by Logic on Jul 13, 2012 at 01:04 PM in reply to
          Still not getting it. Did you read this article? Crops have NEVER been this much. More crops than ever have been planted. MORE than enough for ethanol and food...had it all survived.
        • reply
          by Joey on Jul 13, 2012 at 02:44 PM in reply to
          Farmers planted more corn than usual. OF COURSE, a reason for that is ethanol production. The farmers attempted to increase the supply of corn, because the demand for it increased. If ethanol was not at issue, do you think they would have planted more corn in order to keep the price down for the food consumer?!?! Sorry, but if ethanol production was not a factor in farmers planting more corn, they would have planted less, and the drought would still be responsible for higher costs. Ethanol has been used as fuel for a long time, certainly well before Obama took office. You are amazing. The price of corn goes up because of a drought, and you go nuts, and of course blame Obama. The price of oil goes up because speculators artifically pump up the price, and you regard it as admirable free enterprise, AND blame Obama. BTW, it's not the length of the growing season that is at issue here, it's the conditions that exist during that growing season.
        • reply
          by Logic on Jul 14, 2012 at 12:36 PM in reply to
          Also, a longer grower season apparently does NOT result in more crops you moron...not if the crops are DYING FROM DROUGHT!!! Jesus you people are like a cult of ignorance!
      • reply
        by Anonymous on Jul 16, 2012 at 09:54 AM in reply to Logic
        Logic, you truly are an idiot. Yes, a longer growing season means more crops. Not a lot of corn grown in Alaska. Heat is less of an issue than is drought. Once again you declare someone an idiot while displaying your lack of comprehension skills. Drought is due to cyclical changes in weather brought on by ocean currents that steer humidity and cool fronts over the Midwest. In La Nina years the cool fronts and humidity are sealed off to the north, west, and eastern gulf. The best evidence shows that La Ninas are mostly influenced by variations in tilts of the Earth's axis and Earth orbit. We have had an unusual condition where there have been two La Nina cycles back to back resulting in higher temps and lower precip in the Midwest. These conditions are not outside the norms shown in every tree ring study. It happens and just because it happens in your lifetime does not mean it is the first time EVER or anthropogenic which your self centered egotism leads you to believe in your hysteria. And you morons failed to comprehend that I did not blame Obama for the idiocy, I said he was the poster child for the idiocy. It is undeniable that consumption of corn for ethanol reduces supply for food and increases prices for that purpose. You can say that production would not be as great if not for ethanol and be correct as prices in the previous year control production in the next, but in times of shortage ethanol could be dropped, adding to supply and reducing pressure on supply thereby reducing prices, couldn't it? And because there is a limit to productive land, increasing corn production due to ethanol driving up prices means less land used to produce other crops thereby driving up prices for those as well. Unless you think farmland is an unlimited resource and if corn were not planted the fields would not be used to produce other crops....
  • by Jack Goff Location: Sherman on Jul 12, 2012 at 07:27 AM
    I hope the price of popcorn doesn't go up. I can barely afford it at the movies and sneaking it in just isn't the same. Hey, I heard the wind is blowing in Europe somewhere... let's raise the price of gasoline because of it. Or corn.
  • by Logic on Jul 12, 2012 at 06:03 AM
    High Fructose Corn Syrup. It's in everything from soda to a can of beans. As such, when corn goes up, everything that uses HFCS does as well.
  • by Bill Location: Ardmore on Jul 12, 2012 at 05:35 AM
    Yes lets be sure and use the corn we grow to make ethenol to dilute our gasoline, clog up our fuel systems and lower our gas mileage. Oh yea we will save 5 cents a gallon on gas that won't take us as far as 100% gas, but we will pay in the supermarket, the repair shop. Then when all 100% gas is gone, the 5 cent savings will disappear too. Yes that wonderful ethanol could wind up costing you at least 50 dollars each time you fill that tank!
    • reply
      by Mike H. on Jul 13, 2012 at 06:07 AM in reply to Bill
      Seafoam dude. Try some in your tank. I been using Ethanol-based fuel in my 2004 Mercury Grand Marguis since I bought is now 2012 and I have NEVER had any work done except new tires, oil changes, and a starter replacement. Where is this 50 dollars I am spending each time I fill up my tank?
      • reply
        by Anonymous on Jul 13, 2012 at 09:54 AM in reply to Mike H.
        Ethanol has done more for the small engine repair business than anything they've come up with before. Later model cars can handle it as long as you keep the fuel moving, but small engines that sit for a while can be badly damaged. It's still a really stupid idea to burn more expensive and inefficient food sources when there is plenty of oil and gas around to do the job better and more cheaply. It was a poorly conceived idea meant to buy Iowa primary votes that an no longer be afforded.
  • by taxpayer Location: Sherman on Jul 12, 2012 at 04:50 AM
    The price of corn is high because it is used to manufacture ethanol and the federal government has mandated that ethanol must be added to your gasoline. Congress has had to use your tax dollars to subsidize ethanol because it is not economically feasible to make it out of corn. The energy used to grow the corn, ship it, manufacture ethanol and then ship it is about equal to the energy derived from burning ethanol so it is a waste of our tax dollars to manufacture ethanol. In the meantime, the mandated manufacture of ethanol creates such a huge demand for corn that there is not enough corn so due to limited supply of corn and high demand, the price of corn is skyrocketing. Just another example of government artificially picking winners and losers. Right now, due to government interfering in the market place, everyone who buys food (you) is losing. It is going to get worse because Congress is requiring that the percentage of ethanol in your gas will soon be increased by 50%.
    • reply
      by Mike H. on Jul 13, 2012 at 06:03 AM in reply to taxpayer
      The farmers are telling us its drought that is killing crops, reducing yields and increasing the price. But you felt you needed to take a jab at ethanol anyway right?
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