Wednesday, November 12, 2008

Big Oil and Corn Growers

I noticed a pattern. When the crops were being planted last spring and farmers needed to buy fuel and seed, gas prices were outrageously high. Now that farmers have the harvest in, prices have plummeted.

The price of gas and now the price of corn has dropped. A double whammy on farmers because they had to pay more for their fuel, and now they are getting paid less for their corn.

Is it typical for oil prices to consistently gouge agriculture like this?

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