Current prices of $3.20 per bu. are relatively high but not at historic
highs, in fact corn has lost about $1 per bushel in the last 2 weeks. In
1996 when the average yearly price for the US hit $3.55, we sold corn as
high as $4.90 and some neighbors got over $5.00. Inflationary periods are
evident from the charts... 1983 and 1984 avg prices were at or above $3.00
and I'm not sure, but I think the 1974 average price of $2.92 was when the
US made a trade deal with China. It's interesting to compare the %
increases of milk to corn over the last 40 years.
http://www.farmdoc.uiuc.edu/manage/u...ry/USPrice.asp

Jim

"Roger (K8RI)" wrote in message
...
On Fri, 20 Jul 2007 15:14:06 -0700, C J Campbell
wrote:

On 2007-07-19 08:31:40 -0700, Jay Honeck said:

As gas -- and corn -- prices creep ever higher, everyone in my great
State of Iowa is all ablush with talk of riches pouring in, thanks to
ethanol production. They can barely contain their glee at this
remarkable turn of economic fortune. (Remember, just a few years ago
farmers here had one foot in the grave, and the other on a banana
peel...)

There have already been riots in Mexico because of the corn shortage.
But you will have about as much luck fighting "Big Corn" as you did
"Big Oil."

What a revelation:-)) The game's the same, only the faces change.