"Take them [farm program subsidies] away, I've argued more than once, and you'd still have a food system that mainly produces junk churned out by a few big companies...."
Today, HFCS represents just 3.5% of the total cost of soft drink manufacturing as measured by the value of shipments. Meanwhile, the corn content of HFCS represents only 1.6% of this value. Thus, the impact of corn prices on the final retail price of a food product is not as high as one might think.
That means even if you take away the 27 percent discount HFCS producers got for their corn, you'd only be adding a penny or two to the final price of a Big Gulp."
Monday, February 16, 2009
HFCS, Corn Subsidies and Obesity II
Tom Philpott channels a Tufts University study. Some sentences: