PARCHED IN THE USA

Corn prices hit record as crops shrivel

Worst drought in more than 50 years continues plague
Published: 07/31/2012 at 1:08 PM

(BUZZ.MONEY.CNN) — Corn prices surged to a new record high Tuesday, as the worst drought in more than 50 years continues to plague more than half the country.

Almost 90% of the United States’ corn crops are in drought ravaged areas, according to the U.S. Department of Agriculture, and nearly 40% are situated in the hardest hit spots.

Corn prices have soared more than 50% during the past six weeks as the crops continue to shrivel in relentless dry heat throughout the Midwest. They jumped another 0.7% Tuesday to a record high of $8.20 per bushel on the Chicago Board of Trade.


Read full story...
http://www.wnd.com/2012/07/corn-prices-hit-record-as-crops-shrivel/

The Corn is Dying all over America

Author:Michael Snyder

Summary:Extreme heat in US has dried out corn fields,
threatening to destroy farmers' livelihoods
and potentially causing huge increases
in the price of corn at the supermarket.


All over America the corn is dying. If drought conditions persist in the middle part of the country, wheat and soybeans will be next. Weeks of intense heat combined with extraordinarily dry conditions have brought many U.S. corn farmers to the brink of total disaster.

If there is not significant rainfall soon, many farmers will be financially ruined. This period of time is particularly important for corn because this is when pollination is supposed to happen. But the unprecedented heat and the extremely dry conditions are playing havoc with that process.

With each passing day things get even worse. We have seen the price of a bushel of corn soar 41 percent since June 14th. That is an astounding rise. You may not eat much corn directly, but it is important to realize that corn or corn syrup is just about in everything these days. Just look at your food labels. In the United States today, approximately 75 percent of all processed foods contain corn. So a huge rise in the price of corn is going to be felt all over the supermarket. Corn is also widely used to feed livestock, and if this crisis continues we are going to see a significant rise in meat and dairy prices as well. Food prices in America have already been rising at a steady pace, and so this is definitely not welcome news.

...Read more...

http://amazingdiscoveries.org/12.07.09-the-corn-is-dying-all-over-america1

To make things worse, federal law in the USA requires that a certain minimum amount of corn be used to make ethanol, as if there were more than enough corn to eat.

By the way, I am expecting McDonald's restaurants to raise the price of the apple pies that they sell, because high-fructose corn syrup goes into the making of those pies, and McDonald's might have to pay more to purchase those pies from the supplier.

[Did you really believe that McDonald's actually makes its own pies? ]

Think it might justify the GMOs?

Uh, what are GMOs?

Genetically Modified Organisms!

A new scientific method of producing germ, pest and drought-resistant
produce.

Google it!