Good day all:
Here in the Midwest the rain has been crazy. Farmers are becoming desperate to get in the fields to sow corn and soybeans. the fields are too muddy. The Pilgrim said something to me the other day that got me to thinking: He said: "Every day after about the 22nd of May the farmer loses a bushel an acre". He was talking about the delay for sowing corn.
I was recently told, and please correct me if this figure is wrong, that a full 50% of U.S. corn crop is now going for ethanol production.
Also, the powers that be are considering increasing percentage of ethanol in fuel.
My feeling is that we are leaving ourselves open by using a fuel source that leaves us completely at the mercy of nature. Nature is capricious, and never more so than with farming. Not enough rain, too much rain, blistering heat, etc. .
Even with the huge inputs of synthetic chemicals, and huge tractors, farmers are still at the mercy of nature. It is easy to forget that.
So, on top of the escalating cost of petroleum, the works of nature are being figured in to our economic stability.
In so many ways, ethanol makes no sense to me.
Of course it makes great sense to farmers. The subsidies for growing corn now border on the ridiculous. Even with lower yield the farmer still does well financially.
And, the bigger the farm, I am talking thousands of acres, the higher the subsidies.
Just the way I see things from the farm.
Pheba.