Spiking Corn Prices Could Be Linked to Climate Change
According to a new study published in the Nature Climate Change journal this month, there could be a significant correlation between predicted spikes in corn prices over the next 30 years and predicted patterns of climate change.
Using recent commodity price inflation as a jumping-off point, researchers from Stanford and Purdue show that climate change may affect the growth and harvesting of corn crops much more than other factors, such as oil prices and energy policy.
The researchers even suggest that the nation's major corn producers may have to move further north, as far as the Canadian border, to find shelter from the rising temperatures. The study does not include predictions for future prices; it focuses rather on the information gathered with regards to volatility of crop yields based on predicted climate change patterns.