Tag Archives: Corn

One of the primary lessons in Economics 101 is that of the rules of supply and demand in a market economy and their relationship to price. The basics being that the price of a product will adjust depending on the level of demand and level of supply in any given market and will eventually settle on an equilibrium when supply balances with demand.

Now we don’t need to go into all the details, as, for the sake of argument, we are interested in only one theoretical law governing this relationship. It states that should the market for a particular good get over-saturated with supply, then the price of this good will keep going down until a point where producers will stop making it or scale down their operations as they will no longer be as profitable. Read More »

Corn, corn, corn; mountains of corn as far as the eye can see. The images of the piling up Iowa harvests were one of a number of poignant visuals brought forward by the 2007 documentary King Corn (available on Netflix). The fact is, US production of corn has been growing rapidly since the 1970s and this year American farmers will plant an unprecedented harvest – 94 million acres of corn crop. This is the largest since 1944 and will take up roughly a third of the country’s harvested cropland.

This expanse has been largely driven by a change in direction of US farm policy four decades ago. Previously, agricultural production was tightly controlled to ensure overproduction did not drive the prices that farmers could get for their harvests too low and helped ensure that available agricultural land was not overworked and the environment was not unduly harmed. Read More »

Until recently, probably like for many of you, my imagination when it came to corn, aka maize, was limited to a bright yellow sunshine goodness, steamy and fresh on the cob soaked in butter and lightly salted, bursting with warm juices with every bite, the remnants of which I discover in my teeth hours after I am done. Or, perhaps, some ready-to-eat tinned sweet-corn kernels added to my jacket potato, tuna, chilli (sin)carne or simply adding a crunch and a juicy burst to my salad plate. In reality corn comes in a rainbow of colours and subtle gradient of tastes and despite one or two varieties being only an occasional dinner or snack companion for many of us in the West, corn or, as it is known in Spanish, maiz, has been the mainstay of the peoples of Central America and many other countries for centuries. Read More »