Feed prices are usually the major cost in the price of beef, eggs, milk and other animal agriculture. When the feed price jumps so does the cost of doing business for the producers. Cattle feeders are reducing their stock right now so expect beef prices to go up in the near future just like egg and milk prices have. Pork and chicken can't be far behind.

Land prices here in Iowa have shot up recently as the price of corn and soybeans has risen sharply. If the ethanol bubble bursts there will be a lot of farmers crying for a bailout because many of them will not be able to pay for the land and equipment they borrowed money to buy. Land prices will fall and we'll have an ag land crisis too.

We all like to think of ourselves as rugged individualists. But when push comes to shove most of us are sheep who do what we are told. Worst of all, a lot of us become unpaid agents of whoever is controlling the agenda by enforcing the current dogma on the few rugged individualists who actually exist.