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August 3, 2012

Corn shortage and California

Insight: Capital Public Radio
Corn Shortage & California: The devastating drought in the Midwest is having a mixed effect on California farmers. Corn producers in the Golden State, whose crops are being herald as better than usual, are benefiting from a spike in the price of the crop, which is being driven up by a bidding war between ethanol producers and feed dealers. But California cattle ranchers and poultry farmers are struggling to pay the increasing price for feed and some smaller farmers may have be forced out of business. Here to explain the Midwest drought’s effects on California is Colin Carter, Director of the Giannini Foundation of Agricultural Economics at UC Davis; Paul Sanguinetti, a California corn farmer; and Bill Mattos, President of the California Poultry Federation. Click here to go to an audio link of the radio broadcast.

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