Word: corns
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...Corn is everywhere, and its impact felt in practically everything. It's so plentiful in the U.S. — 90 million planted acres this year – that it's used in the production of thousands of products, from plastics and paint to crayons and soap. And because as much as half of the nation's corn crop could soon be devoted to the production of ethanol fuel, corn prices are expected to rise dramatically, potentially pushing up the cost of numerous products, including packaged snacks and other consumer goods. With corn taking an increasing share of the planting space, prices...
Download the Seek & Find page to see items whose price may rise as more corn is turned into ethanol. Then check the key to see how you faired...
...single bushel of corn can yield 33 pounds of sweetener of the type used as a cheaper alternative to sugar and poured freely into soft drinks and candy. As demand grows for ethanol, there is less corn left for other uses, driving up its cost as an input. Coca-Cola has already said that it has faced cost increases for corn and high fructose corn syrup...
Today 119 U.S. plants produce 6.14 billion gal. of corn ethanol a year, according to the Renewable Fuels Association (RFA), an industry trade group. An additional 86 plants are being built or are expanding, which could account for 6.4 billion gal. more a year. But William Tierney, a risk-assessment consultant with John Stewart & Associates who specializes in corn ethanol, estimates that an additional 400 projects in various stages of development could add 28 billion gal. to the RFA's conservative figures. Add 5 billion to 10 billion unannounced gal. that Tierney expects to hit the market...
Trent Bushner, a Yuma farmer and county commissioner who grows 1,200 acres of corn on his 3,500-acre spread, says $4 corn brings its own set of problems--higher planting costs, for one, as he busts more sod. But Bushner allows that he can live with that: "Every time we put a gallon of ethanol in our car, that's a gallon of gasoline we're not putting in it that we got from the Middle East." Seems that the view on alternative fuels from down on the farm goes much farther than just over the next ridge...