The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Jeanne, Top Producer Editor, grew up on a beef cattle operation in Southwest Missouri and now writes from the heart of corn country in Eastern Iowa.
We lost 1/2 of our owner operator pork productin in 1998 when corn was $1.55/bushel and another 1/2 or more of the remaining owner operators in 2001 when corn was $1.65/bushel. We did not blame ethanol then and we should not blame it now. The terrible situation in the current livestock industry is shared by the ethanol industry. The culprit in all instances is overexpansion during profitable periods causing low revenue that drives livestock (and ethanol) producers out of business.It was $135 crude oil and unregulated hedge/index funds utilizing the swaps loophole that drove commodity futures prices to levels that were not good for producers, endusers, elevators, or the consumer. Paul Gorman
A map showing all livestock farms that have been forced to close there doors because of gov't unfairly subsidizing ethanol production-blending would be interesting...after we lose all our US livestock production what will we do with the corn then??
Use it to heat our houses with corn furnaces.