The corn industry gets huge subsidies and then makes the HFCS to get rid of some of the suplus.
FORBES: Big Corn's HFCS v. Big Sugar's Sucrose: Maybe Both Could Lose?
Detractors said the corn industry is doling out large campaign contributions.
The corn industry gets very large taxpayer support.
FORBES: Big Corn's HFCS v. Big Sugar's Sucrose: Maybe Both Could Lose?
The latest round is that the corn industry wants to change the usual name from HFCS (which has bad connotations now that half the country seems to be blaming it for obesity, something caused by an excess of caloric consumption over caloric use, not any specific foodstuff) to corn sugar.
FORBES: Big Corn's HFCS v. Big Sugar's Sucrose: Maybe Both Could Lose?
For the corn and soybean industry in the Midwest, it is a costly problem.
FORBES: Drought, Food Shortage Cast Spotlight on Ag Innovation Showcase
This year the standard is 12.6 billion gallons of corn ethanol, which the industry expects to exceed, with other renewables to contribute a little more than 2 billion gallons.
However, most policymakers agree that the industry must move beyond corn ethanol, which is less efficient than the sugar-derived stuff and pushes food prices upwards.
About 35% of the estimated 4.6 billion bushels of all U.S. corn grown this year will be consumed by the ethanol industry, producing nearly 14 billion gallons of alcohol.
Like the pork and beef industries, in the early spring of 2012, the chicken industry believed this summer would yield a bumper corn harvest, and so it upped production levels to utilize this large crop.
He said possible risks to the industry's economic recovery are: higher corn prices, changes to federal ethanol policies once the November election is over, and possible production delays arising from cancelled or delayed ethanol plants.
It is a measure of the desperation of the U.S. nuclear power industry that it is willing to risk its seed corn on so uncertain a venture.
However, industry sources believe exposure the ETN was holding to corn, wheat, soybeans and sugar futures was nearing limits that might attract the attention of regulators at the Commodity Futures Trading Commission.
But that hasn't stopped a cottage industry of self-appointed consumer advocates, reporters and plaintiffs' attorneys from fingering corn syrup as the sinister source of the nation's widening waistline.
We're never going to make that goal, if you talk to any industry expert in the country, just using what we use now, which is corn, to make ethanol.
Kellogg has been the cereal industry's leader almost since the day W.K. Kellogg and his physician brother began selling corn flakes to former sanatorium patients in 1906.
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