Curious about the value of corn in some food products?
We were, too! That’s why we took a look to see the value of corn (or, in some cases the value of corn used to make a food ingredient) if corn is priced at $5.00 per bushel.
We refer to this as Kernels of Truth because there are misconceptions out there with people stretching the truth on the impact of corn prices on food — and some truth stretchers are still trying even though many sources have said that ethanol’s role in food prices is minor. In fact, food prices rose just 1.8% in 2012, the second-lowest annual rate in the last 20 years, according to recently released consumer price index (CPI) data.
Looking into these numbers more, here is what we found out…
You can be confident that farmers are doing the best they can to produce more with less!
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