CORN IS A VERY SMALL PORTION OF OVERALL FOOD PRICES

cost of corn in products

The media would have you believe that when the cost of corn goes up, you can expect your food prices to skyrocket, but don’t believe everything you read.

The corn portion of most foods is a very small portion and when corn prices increase, it only yields a net increase of a few cents to your food. The larger contributor is transportation costs – so the cost of gasoline is a better indicator of when you might expect food prices to increase.

The price of corn is significantly low right now – almost at the point where farmers are losing money on every bushel they harvest – yet your food prices aren’t decreasing, are they?

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