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echo: barktopus
to: Ellen K.
from: John Beamish
date: 2007-02-04 11:22:10
subject: Re: ADM

From: "John Beamish" 

It is almost certainly true.  The US subsidises corn production to the tune
of about US$9billion annually and, not surprisingly, produces about 40% of
the world's output.

The other thing to remember is that different grades of corn have different
purposes so a blanket statement "imports its corn from the US"
doesn't consider the end use of the corn imported (or exported).

On Sat, 03 Feb 2007 23:35:52 -0500, Ellen K.  wrote:

> I'm surprised to read that Mexico imports its corn from the US...
> anybody know whether this is true?
>
> On Wed, 24 Jan 2007 22:58:00 -0500, "Mark"
 wrote in
> message :
>
>> I think I recall a few intellectual arguments against my disdain for
>> using
>> "corn for fuel."
>>
>> If I recall correctly those arguments were along the lines of "global
>> energy
>> generation transcends the minutia of food vs. fuel," because it's all
>> the
>> same thing in the end and taking corn off the food market to satisfy the
>> transportation market was no big deal because lower oil prices would
>> offset
>> any effects...
>>
>> Perhaps those arguments were misplaced:
>>
>> http://www.chicagotribune.com/business/chi-0701130049jan13,0,5505881.story
>> "Ethanol's effect: Expensive tortillas"
>>
>> I guess starving out the Mexicans is an acceptable trade-off for
>> enriching
>> the ethanol producers in the US?
>>
>> For me, I like Exxon/Mobil over ADM 8 days a week.
>>
>

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