Most of the corn grown in the United States isn’t consumed by humans. It’s grown as cheap feed for livestock and as a source for ethenol. As the current Midwest droughts threaten to wipe out this year’s corn crop, the price of many foods are expected to rise. My fellow MNN food blogger Kimi explained a couple of weeks ago how a corn crop failure could affect food prices.
Someone else who is trying to make some sense out of how it all fits together is Stephen Colbert. Last week on the “Colbert Report,” he interviewed a professor of agricultural economics at Iowa State University, Bruce Babcock, about how a corn shortage could affect food prices across the board.
Obamacare for our corn … cracked me up.