Where Did the Ever-Worsening Grain Shortage Go?

Reality doesn't match food crisis fears in one short growing season

Grain elevators across Kansas have a problem this fall as the combines get ready to roll for what looks to be a record fall harvest. The elevators are full of wheat. The terminals are too.

Faced with lower than break-even prices, farmers haven't sold their wheat. They are holding on, hoping that dwindling supplies will push prices upward or that a recovering world economy will spur export sales. But that leaves no place to put the corn, soybeans and milo about to start pouring in to local co-ops.

This time last year, all the furor was about the high price of commodities, the high price of food and who was to blame for the "global grain shortage" that was projected to get nothing but worse unless we immediately stopped all bio-fuel mandates.

Well, we didn't stop making bio-fuels. We're making more than ever in fact. But the grain shortage didn't last and neither did the high prices. Like many 'projections' based on everything continuing down the same road, it went far afield.

I would argue that how best to use abundance is a much better position from which to operate than how to find make a short supply stretch to feed the hungry.

I just hope that those who feed on fanning the flames of fear in others are paying attention to the fact that moving fromĀ  shortage to surplus took only one growing season.

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