LJBinvestor

Corn and Its Industry: The Next Tobacco

I agree with the comments that discredit this article as biased and not based on historical facts. I agree that with corn prices down, there is the question of will fertilizer companies drop the price or force farmers to buy and use less. Based on comments by the POTASH and Mosaic CEO's, I expect them to keep supplies tight and the prices at current levels. With declines in current/future crops due to weather-related and less fertilizer-related issues, corn prices will rocket back up. I do not see enough political clout to eliminate ethanol, though I do see its use be capped or declining with cheaper oil. But that leads to cheaper gas which spikes the demand upward leading to higher oil prices and calls for ALL alternatives. From a health perspective, corn is so engraned in todays foods that it will not be eliminated in my lifetime. I personally see this as a New York City type trying to bury the midwest farmer.