@roger,
roger wrote:
Sure, but don't forget to invest in producers of corn syrup. It suddenly enjoys a certain comparative advantage.
You probably know more about corn than I do. My research started an hour ago.
-80 million acres of U.S. cropland is planted in corn;
-90% of production is used as feed grain;
-The rest goes for syrups, sweeteners and the production of ethanol;
-The price peaked at $7.88/Bushel in June, 2008, due to floods in the mid-west and the spike in oil prices. The price of corn has now fallen back due to more normal production and the fall in the price of oil;
-Corn for ethanol may have been doomed due to the development of cheaper sources such as grasses.
The last point is to me good. I have never been a fan of diverting food to fuel production. I am reminded of the lad at some high school in the mountains of SW VA who was working on converting kudzu, a weed here in the south, into fuel. He and his school had to apply for a special permit to allow him to operate what amounted to a still.