Heard one of my ag professors who is also a farmer say today that the govt will soon stop subsidizing corn production because of record high corn prices. He also said other factors that will influence the elimination of corn subsidies are decreased fuel efficiency and the fact we have so much potential oil. He may have just been wishfully thinking out loud, but it definitely makes sense. Everything that has corn products in it will be cheaper if corn based ethanol was eliminated. Milk, beef, numerous food products...and petroleum related jobs would increase.
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