Ecornomics

IN THE LAST SEVERAL YEARS, ETHANOL PRODUCTION AND CONSUMPTION HAS TRIPLED. AS OF OCTOBER 2007, THE US HAS THE CAPACITY TO PRODUCE 7 BILLION GALLONS OF ETHANOL A YEAR. THIS HAS BEGUN TO LIMIT US DEPENDENCE ON FOR- EIGN OIL WHILE SAVING A LOT OF MONEY. THE BIG NUMBERS: TOTAL CORN SUBSIDIES: $10B TOTAL INVESTED IN ETHANOL SINCE 1978: OVER THE LAST DECADE CORN HAS BECOME THE MOST DOMINANT CROP ON AMERICAN SOIL. IT IS IN A QUARTER OF OUR EVERYDAY FOODS AND IS BEING USED TO FUEL OUR CARS AS WELL. WHY IS AMERICA SO ATTACHED TO THIS CROP? $88 $20B NET RETURNS FOR CROPS: $6B $100B $450 $48 Corn Soybean Wheat Sorghum Barley Oats $2B $350 TOTAL SAVED IN FOREIGN OIL PURCHASES: '95 96 97 98 99 00 01 02 03 04 05 06 $250 CORN PRODUCTION: ITS IN OUR FOOD: OF 10,000 ITEMS IN A TYPICAL GROCERY STORE, AT LEAST 2,500 USE CORN IN SOME FORM DURING PRODUCTION OR PROCESSING. $150 ON THE SHELF: $50 '96/'97 Market Year "09/'10 25% CORN CONSUMPTION BREAKDOWN: #1 IOWA REST OF WORLD #2 ILLINOIS Feed Ethanol #3 NEBRASKA # 4 MINNESOTA UNNOTICED USAGE OF CORN: HAMBURGERS (COW FEED) EGGS (CHICKEN FEED) #5 INDIANA High Fructose Corn Syrup Glucose & Dextrose Starch Cereal REST OF USA SODA & SWEETENED DRINKS (HIGH FRUCTOSE CORN SYRUP) Alcohol (Beverage) PROCESSED FOODS (CORN OIL, CORN MEAL, CORN STARCH) $ Per Acre IN THE LAST SEVERAL YEARS, ETHANOL PRODUCTION AND CONSUMPTION HAS TRIPLED. AS OF OCTOBER 2007, THE US HAS THE CAPACITY TO PRODUCE 7 BILLION GALLONS OF ETHANOL A YEAR. THIS HAS BEGUN TO LIMIT US DEPENDENCE ON FOR- EIGN OIL WHILE SAVING A LOT OF MONEY. THE BIG NUMBERS: TOTAL CORN SUBSIDIES: $10B TOTAL INVESTED IN ETHANOL SINCE 1978: OVER THE LAST DECADE CORN HAS BECOME THE MOST DOMINANT CROP ON AMERICAN SOIL. IT IS IN A QUARTER OF OUR EVERYDAY FOODS AND IS BEING USED TO FUEL OUR CARS AS WELL. WHY IS AMERICA SO ATTACHED TO THIS CROP? $88 $20B NET RETURNS FOR CROPS: $6B $100B $450 $48 Corn Soybean Wheat Sorghum Barley Oats $2B $350 TOTAL SAVED IN FOREIGN OIL PURCHASES: '95 96 97 98 99 00 01 02 03 04 05 06 $250 CORN PRODUCTION: ITS IN OUR FOOD: OF 10,000 ITEMS IN A TYPICAL GROCERY STORE, AT LEAST 2,500 USE CORN IN SOME FORM DURING PRODUCTION OR PROCESSING. $150 ON THE SHELF: $50 '96/'97 Market Year "09/'10 25% CORN CONSUMPTION BREAKDOWN: #1 IOWA REST OF WORLD #2 ILLINOIS Feed Ethanol #3 NEBRASKA # 4 MINNESOTA UNNOTICED USAGE OF CORN: HAMBURGERS (COW FEED) EGGS (CHICKEN FEED) #5 INDIANA High Fructose Corn Syrup Glucose & Dextrose Starch Cereal REST OF USA SODA & SWEETENED DRINKS (HIGH FRUCTOSE CORN SYRUP) Alcohol (Beverage) PROCESSED FOODS (CORN OIL, CORN MEAL, CORN STARCH) $ Per Acre IN THE LAST SEVERAL YEARS, ETHANOL PRODUCTION AND CONSUMPTION HAS TRIPLED. AS OF OCTOBER 2007, THE US HAS THE CAPACITY TO PRODUCE 7 BILLION GALLONS OF ETHANOL A YEAR. THIS HAS BEGUN TO LIMIT US DEPENDENCE ON FOR- EIGN OIL WHILE SAVING A LOT OF MONEY. THE BIG NUMBERS: TOTAL CORN SUBSIDIES: $10B TOTAL INVESTED IN ETHANOL SINCE 1978: OVER THE LAST DECADE CORN HAS BECOME THE MOST DOMINANT CROP ON AMERICAN SOIL. IT IS IN A QUARTER OF OUR EVERYDAY FOODS AND IS BEING USED TO FUEL OUR CARS AS WELL. WHY IS AMERICA SO ATTACHED TO THIS CROP? $88 $20B NET RETURNS FOR CROPS: $6B $100B $450 $48 Corn Soybean Wheat Sorghum Barley Oats $2B $350 TOTAL SAVED IN FOREIGN OIL PURCHASES: '95 96 97 98 99 00 01 02 03 04 05 06 $250 CORN PRODUCTION: ITS IN OUR FOOD: OF 10,000 ITEMS IN A TYPICAL GROCERY STORE, AT LEAST 2,500 USE CORN IN SOME FORM DURING PRODUCTION OR PROCESSING. $150 ON THE SHELF: $50 '96/'97 Market Year "09/'10 25% CORN CONSUMPTION BREAKDOWN: #1 IOWA REST OF WORLD #2 ILLINOIS Feed Ethanol #3 NEBRASKA # 4 MINNESOTA UNNOTICED USAGE OF CORN: HAMBURGERS (COW FEED) EGGS (CHICKEN FEED) #5 INDIANA High Fructose Corn Syrup Glucose & Dextrose Starch Cereal REST OF USA SODA & SWEETENED DRINKS (HIGH FRUCTOSE CORN SYRUP) Alcohol (Beverage) PROCESSED FOODS (CORN OIL, CORN MEAL, CORN STARCH) $ Per Acre IN THE LAST SEVERAL YEARS, ETHANOL PRODUCTION AND CONSUMPTION HAS TRIPLED. AS OF OCTOBER 2007, THE US HAS THE CAPACITY TO PRODUCE 7 BILLION GALLONS OF ETHANOL A YEAR. THIS HAS BEGUN TO LIMIT US DEPENDENCE ON FOR- EIGN OIL WHILE SAVING A LOT OF MONEY. THE BIG NUMBERS: TOTAL CORN SUBSIDIES: $10B TOTAL INVESTED IN ETHANOL SINCE 1978: OVER THE LAST DECADE CORN HAS BECOME THE MOST DOMINANT CROP ON AMERICAN SOIL. IT IS IN A QUARTER OF OUR EVERYDAY FOODS AND IS BEING USED TO FUEL OUR CARS AS WELL. WHY IS AMERICA SO ATTACHED TO THIS CROP? $88 $20B NET RETURNS FOR CROPS: $6B $100B $450 $48 Corn Soybean Wheat Sorghum Barley Oats $2B $350 TOTAL SAVED IN FOREIGN OIL PURCHASES: '95 96 97 98 99 00 01 02 03 04 05 06 $250 CORN PRODUCTION: ITS IN OUR FOOD: OF 10,000 ITEMS IN A TYPICAL GROCERY STORE, AT LEAST 2,500 USE CORN IN SOME FORM DURING PRODUCTION OR PROCESSING. $150 ON THE SHELF: $50 '96/'97 Market Year "09/'10 25% CORN CONSUMPTION BREAKDOWN: #1 IOWA REST OF WORLD #2 ILLINOIS Feed Ethanol #3 NEBRASKA # 4 MINNESOTA UNNOTICED USAGE OF CORN: HAMBURGERS (COW FEED) EGGS (CHICKEN FEED) #5 INDIANA High Fructose Corn Syrup Glucose & Dextrose Starch Cereal REST OF USA SODA & SWEETENED DRINKS (HIGH FRUCTOSE CORN SYRUP) Alcohol (Beverage) PROCESSED FOODS (CORN OIL, CORN MEAL, CORN STARCH) $ Per Acre