Monday, April 28, 2008

U.S. is #1 in Corn Production

The U.S. is the WORLD'S LARGEST PRODUCER + EXPORTER of CORN.

Anecdotally, now I understand how the U.S. Department of AGRIGULTURE could have so much sway with the U.S. politicians and their foolish, potentially crooked and certainly harmful Energy + Agriculture policies.

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*Quick Examples of current SKETCHY U.S. Ag policies include:

1.) the hopelessly INefficient + INFLATIONARY ethanol from CORN gasoline Fuel MANDATE

2.) the Brazillian ethanol Import TARIFF (Brazil is the world's largest ethanol producer and they could easily add additional supply to support the growing needs/demands of the U.S. market...allowing for a meaningful reduction in the amount of U.S. domestic corn production geared towards satisfying the substantial ethanol fuel production requirements (currently about 30% of the U.S.'s corn crop is used for fuel)...this would free up more U.S. domestic corn production that would be geared towards satisfying the MUCH MORE SIGINFICANT NEED of WORLDWIDE FOOD consumption...which would ultimately lead to lower prices in at least corn and ethanol + would help counter WORLDWIDE food price inflation!)

3.) Farm Subsidies during 'BOOM' times (BTW, this is one of those BOOM times...it also seems like the U.S. government is doing more than its fair share to sustain the current Agriculture industry BOOM).