September 3, 2013

Corn: an inexpensive ingredient


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.

Corn-an inexpensive ingredient2

Looking into these numbers more, here is what we found out…

Corn-an inexpensive ingredient

You can be confident that farmers are doing the best they can to produce more with less!

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