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A comment on 83% of Americans Are Belt Tightening Due to Inflation Pressures. Parent comment

Re:83% of Americans Are Belt Tightening Due to Inflation Pre... by sjg007 on Wednesday May 26, 2021 @02:56PM (#27294612)
67% of field corn is used for ethanol or animal feed. But regardless, only 10% of the price change in wholesale corn is passed on to consumers:

https://www.ers.usda.gov/amber-waves/2008/february/corn-pric...

And the government heavily subsidizes crops.

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Re:83% of Americans Are Belt Tightening Due to Inflation Pre... by mywittyname on Wednesday May 26, 2021 @03:32PM (#27295023)
The issue is not really how much of the price increase are passed along to consumers, rather, are these prices increases permanent?
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Re:83% of Americans Are Belt Tightening Due to Inflation Pre... by sjg007 on Wednesday May 26, 2021 @03:41PM (#27295114)
Doubtful. Electric autos will decrease demand for ethanol. The Govt will increase subsidizes as well to provide price stability.
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