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67% of field corn is used for ethanol or animal feed. But regardless, only 10% of the price change in wholesale corn is passed on to consumers: https://www.e
by sjg007 5y ago
67% of field corn is used for ethanol or animal feed.
But regardless, only 10% of the price change in wholesale corn is passed on to consumers:
https://www.ers.usda.gov/amber-waves/2008/february/corn-prices-near-record-high-but-what-about-food-costs/ https://www.ers.usda.gov/amber-waves/2008/february/corn-pric...
And the government heavily subsidizes crops.
- mywittyname 5y agoThe issue is not really how much of the price increase are passed along to consumers, rather, are these prices increases permanent?
- sjg007 5y agoDoubtful. Electric autos will decrease demand for ethanol. The Govt will increase subsidizes as well to provide price stability.