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one mans view of the beloved biofuels
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Don Smith
Posted 10/22/2013 17:53 (#3398856 - in reply to #3398724)
Subject: Re: one mans view of the beloved biofuels



Centre county Pennsylvania, USA

The higher prices in grain could also be partially described as a long term aberration caused by higher cost of grain production. Attached chart is USDA's historical evidence of corn price VS cost of corn production from 1981 through 2011. Average cost of US 2013 corn production (estimated by USDA and others) appears to be about $4.50/bu. If the USDA's historical chart is truth then corn farmers should expect average price of 2013 corn to be greater than $4/bushel but less than $5/bushel.



(HistoricalCornProdCost.v.Price.jpg)



Attachments
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Attachments HistoricalCornProdCost.v.Price.jpg (72KB - 35 downloads)
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