Farmers Expected to Plant Less Corn
Monday March 31, 9:08 am ET
By Mary Clare Jalonick, Associated Press Writer
Less Corn in the Ground Could Translate Into Higher Grocery Bills
WASHINGTON (AP) — Farmers are expected to plant less corn this year, according to the Department of Agriculture, and that could mean higher bills at the grocery store.
Corn prices have skyrocketed in recent years, helped by the burgeoning ethanol industry, which turns the crop into fuel, and rising worldwide demand for food. The higher prices have hurt poultry, beef and pork companies, who use corn to feed their animals.
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