Economics, I know not. However, there are a few simple concepts that I think I understand. The USDA released a report stating that the corn crop will fall by 4%. As a result, the price of corn has surged in the last couple of days. Cow and chickens eat corn, so meat will become more expensive. High Fructose Corn Syrup is in darn near everything (sorry, Corn Sugar), the price of all those items may increase as well. I think the only reason why we haven't revolted to date is because food in America is relatively affordable. Therefore, we eat and remain fat, happy, lazy and passive. Maybe this is the push that we need to fight for our futures.
Can anyone out there explain the impact of this? Am I exaggerating the potential effects? Potato Famine anyone?
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