Wednesday, December 03, 2008

Corn Down...Gas Down....What about Food?

I chatted briefly with Brad Etling of Hebron, Nebraska yesterday. He said corn was down to 3.30. from over 7.00 a bushel affecting the price of almost everything in the area.

He said the house he rented for 475 last year now rents for 275.00.

We both pondered why if corn is down, and so are gas prices, why are food prices staying high? Somebody is keeping the profits somewhere.

1 comment:

threecollie said...

Farm gate milk prices took a crash too, but it is the same in the store...

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