So now that we know the deal with the futures market, let’s talk about the actual price of corn. Actually, let me first answer what may be a blaring question: Why corn? In fact, why talk about any of this at all?
Answer: corn is crazy important. On the national level, it’s by far the most significant of any crop: subsidized twice as heavily as the next highest and taking up more land than Mississippi and Florida combined. From a dietary standpoint it bears even more weight: thanks to our monocultured diets, 70% of the organic matter in our bodies can be directly linked to corn. It’s in our soda, our cereal, and our Slim-Fast. It’s in the burger, the bun, the cheese, the ketchup, the mayo, and the bacon AND the beer. It fuels our cars, polishes our floors, sides our houses, and lights our streets. America doesn’t run on Dunkin. It runs on corn. Lots of it.
You may be wondering: why do we pray so dutifully to “the golden chaff”? Welcome to the history of corn subsidies… Continue reading