At $1.70 a bushel (roughly the current price in NW Iowa for 54 pounds of
conventionally-produced #2 yellow corn--earlier the prices was less than
$1.50), I would think it might take the gross proceeds of more than 104
pounds of corn to buy the corn flakes (maybe not if the LDP was included).
Unfortunately, it is the net proceeds that buy corn flakes and, therefore
at the current price, the net is probably negative. Thus, farm families
growing corn would starve to death if they depended on growing corn to feed
themselves. If they are eating, it is probably because of subsidies from
the government, off-farm work, and depletion of capital, rather than the
corn they produce.
Gil Gillespie
****************************************************************
Gil Gillespie voice: 607-255-1675
Department of Rural Sociology & fax: 607-254-2896
Division of Nutritional Sci. e-mail: gwg2@cornell.edu
Warren Hall
Cornell University
Ithaca, NY 14853-7801
USA
"Whereas most sociologists are as dull as turnips, many
interactionists were/are fun."
Carl J. Couch, 1997, Symbolic Interaction 20(2):102
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