davesl708
Elite Member
Wheat price close Friday... $5.09. Price October 1995... $4.80 Inflation adjust price would be today.... $7.35
Oats price close Friday... $2.27. Price October 1995... $1.90. Inflation adjust price would be today... $2.97
Corn and soybeans already discussed. What exactly would you like to see grown in place of corn that folks actually want and are willing to pay for. When it comes to the big kahunas.... corn, soybeans, wheat, and oats, there really doesn't seem to be all that much demand for any of them that they are bringing, on an inflation adjusted value, a lower price than 20 years ago. All of them. So none of them are experiencing any kind of shortage that would cause prices to rise. The opposite is occurring, all grain prices are lower in cost than in 1995, across the board.
It all comes down to this, this almost religious bias against ethanol is skewing some folk's basic brainwave activity to see the facts for what they are. I really could care less if anyone wants to use ethanol or not. I have nothing to gain either way. But demonizing something using arguments that fall flat on their face in front of anyone who wants to actually look at the markets is pretty telling. Man, that is bias on steroids.
What about the fact that ethanol does not add anything to fuel economy or reduction in pollution? The fact that grain prices are currently lower does not diminish from the fact that ethanol in fuel does no good. And the grain prices are a commodity. Prices will fluctuate constantly. You cannot take a snapshot of prices. If you follow the markets you will see grain prices are expected to increase. Lower fuel cost effects every aspect of food production.
If you had to pay the full price for ethanol you would see a big increase in the cost of fuel. Taxpayers are subsidizing the industry. You do not see the total cost.