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O/T The price of corn
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Posted by Michael Soldan on February 16, 2005 at 21:10:06 from (66.203.172.221):
I took a hopper to the mill today and got a load of dry corn for the cows. I paid 103.08 a metric tonne. I met a neighbour who grows corn and we were talking and he asked what I had paid. Roughly $2.70 cleaned and dried from the mill per bushel. Cost of production is more than that. Its cheap feed for me but I know someone is hurting when corn prices are that low. My neighbour just shook his head, he has all his corn stored at home but the price has actually dropped a few cents in the last couple of days. It doesn't matter which side of the border you live on , farm prices are not fair to farmers. In some countries people spend 70-80% of their income on food while in North America people spend less than 10% on food. What will happen with corn prices over the next months?? Mike in Exeter Ontario
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