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Bully for Paul! It is the family farmers who have supported this nation (US) since its beginning. My aunt and uncle had to leave farming in Oregon in the early 1960s. They sold the land to the U of Oregon for a research facility. My dad tried to buy the land back in 1969 but it had increased in value to $100,000 and he could not afford it. And if I am right, a loaf of bread has less than $0.05 of wheat in it. -----Original Message----- From: janet paterson <[log in to unmask]> To: [log in to unmask] <[log in to unmask]> Date: Friday, October 15, 1999 6:38 PM Subject: FWD: test message - ignore >Hi, >I am not picking on Murray's choice of breakfast food >but his reference to Corn Flakes and farmers offers me >an opportunity for a little consumer education. > >Yesterday morning the local price of corn picked up on >our farm was $1.56 per bushel (U.S.). That coverts to >$.0017 per ounce ( less than 1/5th of a cent). A bushel >of corn weighs 56 pounds. Since we are in the middle of >harvest the price is dropping nearly every day (supply >and demand). > >The price of a 24 ounce box of Kellogg's Corn Flakes in >the local store is $3.39 ---- or just a little over >$.14 (14 cents) per ounce. > >Therefore-----the farmer receives about $.04 (4 cents) >for the corn in a 24 oz. box of corn flakes that sells >for $3.39. That is about 1.2% of the retail price. > >Out of that 1.2% the farmer has to pay for: >Seed >Fertilizer >Weed and pest control >Fuel >Insurance >Repairs to equipment >Make payments on the mortgage or pay rental to the land >owner. >Taxes >Purchase equipment to replace worn out machinery. > >AND --- have enough left to buy clothes, groceries, >family transportation, pay for children's education, pay >for health insurance and medical bills, and all other >normal living expenses. > >I knew there was a reason my checkbook runs a little low >at times. > >Paul > > > >janet paterson >52 now / 41 dx / 37 onset >613 256 8340 po box 171 almonte ontario canada K0A 1A0 >a new voice: <http://www.geocities.com/SoHo/Village/6263/> ><[log in to unmask]> >