Corn Commentary

Food: Bountiful and Affordable

Earlier, we noted the usual ill-informed Lester Brown diatribe about food supply and the possible impact of corn and ethanol on food prices. You can read about it here, if you want to.

This week, our colleagues at the American Farm Bureau are celebrating Food Check-Out Week. You see, food has become more affordable lately, as this chart shows, when you compare xpenditures for food as a percentage of disposable income. Here’s the details from the USDA.

The Farm Bureau reports:

In comparison to working 37 days to pay for food, Americans worked 77 days to pay their federal taxes, 62 days to pay for housing/household operation, and 52 days for health/medical care, according to The Tax Foundation.

They also offer fast facts and an interesting graphic comparison. 

Thanks, farmers!