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01 / 05
Cornpreneurs Save Us From Davos Elites

Blog Post | U.S. Agriculture

Cornpreneurs Save Us From Davos Elites

US corn yields are increasing 3.56 times faster than population.

Summary: For nearly a century, corn production in the United States has far outpaced population growth, thanks to relentless agricultural innovation. While global elites warn of food scarcity and promote insect-based diets, American farmers continue to feed the nation—and the world—more efficiently than ever, defying the narrative of resource collapse.


Corn has a rich history stretching back thousands of years to Mesoamerica, where it was domesticated from a wild grass called teosinte. Indigenous peoples in the Americas developed corn through selective breeding, making it a cornerstone of their diets, cultures, and civilizations. After Christopher Columbus introduced corn to Europe in 1493, it spread rapidly across the globe, becoming a dietary staple and key ingredient in countless cuisines.

Today, corn is the most widely produced grain in the world, with global production exceeding 1.2 billion metric tons. The United States leads the world in corn production, consumption, and exports—accounting for 31 percent of global output with 377.63 million metric tons, according to the USDA.

Over 95 percent of animal feed for US livestock—such as cattle, hogs, and poultry—comes from corn, which makes up roughly 40 percent of all corn used domestically. Despite this abundance, the Davos crowd would have us believe that our survival hinges on swapping steaks and burgers for worms and insects. Under the banner of “sustainability,” they propose shuttering our Texas Roadhouses, Dickey’s Barbecue Pits, and Chick-fil-As to make way for bug burgers. But are we really running out of beef, chicken, and pork?

Hardly. Corn is a foundational feed for producing those delicious meats. In the 1930s, US corn yields averaged 26 bushels per acre. Today, that number is 179.3 bushels per acre—with top-performing farms reaching an astonishing 624 bushels. That’s a 589.6 percent increase in yield over 88 years. One acre today produces as much corn as nearly 6.89 acres did in 1936, freeing up 5.89 acres for other uses—from conservation to recreation. Yields continue to rise at about 1.75 bushels per year, doubling every 31.6 years thanks to a 2.21 percent annual growth rate.

Meanwhile, the US population grew 165.6 percent between 1936 and 2024—from 128 million to 340 million. Yet every one percent increase in population has corresponded with a 3.56 percent increase in corn abundance. If each American consumed one bushel of corn in 1936, it would’ve required 4.9 million acres of land to grow the crop. Today, even with 212 million more people, it only takes about 1.9 million acres. We’ve reduced land needs by 61 percent. We’re growing smarter much faster than we’re growing people.

Corn was selling for around 68 cents a bushel in the 1930s. Unskilled workers were earning around 28 cents an hour. That would put the time price at 2.42 hours. The USDA currently estimates the season-average corn price at $4.20 per bushel for the 2025-2026 crop year. Unskilled workers are earning $17.17 an hour putting the time price at 0.24 hours or around 15 minutes. The time price has fallen from 145 minutes to 15 minutes, or almost 90 percent. For the time it took an unskilled worker to earn the money to buy one bushel of corn in 1930, they get 9.7 bushels today.

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MIT’s Andrew McAfee highlighted this trend in More from Less, predicting continued innovation in agriculture. He’s even backing his confidence with a $100,000 bet: that by 2029, the US will produce more crops than in 2019 while using less land, fertilizer, and irrigation. If you think he’s wrong—and believe the World Economic Forum’s bug-eating future is inevitable—there’s your chance at easy money.

So yes, you could try a worm with your next meal—but there’s no reason to think we’re running out of corn or the land to raise your next steak, wing, or chop.

Find more of Gale’s work at his Substack, Gale Winds.

NBER | Food Production

Microbial Fertilizer May Improve Food Production in Africa

“Food insecurity is an existential threat for Africa (a continent facing rapid population growth and dire climate impacts) and addressing it a global imperative. Over 30% of caloric intake comes from maize, but crop yields are low partly because high costs make synthetic fertilizers uneconomical. A field experiment with Kenyan smallholder farmers explores the promise of genetically modified (microbial) biofertilizers to deliver nitrogen and increase yields at affordable costs. We see significant increases in yields (up to 110% for some farmers) and lower environmental impact than synthetic products. This suggests that biofertilizers could dramatically improve food security and child nutrition in Africa.”

From NBER.

Blog Post | Food Prices

Olive Oil Prices Are Falling—So Should Olive Oil Climate Hysteria

Climate alarmists jump to hasty conclusions, then fail to correct the record.

Summary: Olive oil prices spiked in 2023 amid heat and drought in Spain, prompting widespread claims that climate change was driving the industry into crisis. Production has since rebounded and prices have fallen sharply, undercutting the hysteria, but no corrections have been issued. The episode illustrates how short-term agricultural disruptions are sometimes unreasonably framed as evidence of long-term climate catastrophe.


It’s the follow-up story that never gets written. An agricultural commodity experiences a period of below-average yields and rising prices, and it is reported as a climate change–induced crisis. Then, after another year or two, the trend reverses, but there are few, if any, attempts to correct the record.

Olive oil prices are a recent example. Spain, the world’s largest producer of olives for oil, experienced severe heat and drought in the summers of 2022 and 2023, contributing to much lower yields and major price spikes in 2023 and into 2024.

There were several news accounts at the time warning about a new reality in which human-induced warming would decimate olive yields. An August 2023 CNN story entitled “Olive Oil is in Trouble as Extreme Heat and Drought Push the Industry Into Crisis” was typical. Citing scientists and industry experts, the article told us that the episode “would have been virtually impossible without climate change.”

The story, and others like it, painted a bleak future for those making their living from olives and a new normal of higher olive oil prices for consumers. Beyond olives, CNN informed readers that “Experts warn of worse to come for food production, as the human-caused climate crisis increases the frequency and severity of extreme weather.”

However, toward the end of 2024, olive oil prices began falling sharply and remain well below their peak, according to the Federal Reserve Bank of St. Louis. The two most recent crops in Spain and other olive-growing nations have yielded enough to increase olive oil production substantially. Overall, the olive oil industry appears to be most of the way back to normal—hardly a crisis.

That should have surprised no one, especially the self-described experts relied upon in the gloomy coverage. Yields for olives, as with virtually every other agricultural commodity, have experienced year-to-year fluctuations throughout recorded history. While climate change’s influence on olives is entirely possible, an off year or two proves nothing. Over the longer term, overall yields for food crops have increased severalfold, especially in recent decades, when climate change was supposedly a headwind. Improved agricultural methods—which depend on fossil fuels for energy and fertilizer—have swamped any adverse climate impacts, if such impacts exist.

It is also worth noting the substantial scientific evidence that the release of carbon dioxide, blamed for contributing to climate change, has benefits for plant growth and may well be a net positive for agriculture. This may also help explain why agricultural bad news rarely has staying power while long-term trends remain positive.

In any event, the media outlets that raised the olive oil alarms ought to publish follow-up stories reporting the good news and conceding that the climate change link is not nearly as clear-cut as the original coverage suggested. None have done so.

Maybe it’s because they are too busy writing about the chocolate crisis.

WBUR | Pollution

Boston Harbor Shellfish Are Safe to Eat for the First Time in a Century

“It’s been a little over hundred years since residents or fishermen were able to catch shellfish safe to eat in the Boston Harbor…

Now, the state has declared that shellfish from parts of Boston Harbor can be safely caught and eaten again…

Harvesting in the harbor was banned almost entirely in 1925 after contaminated oysters led to a national typhoid epidemic. In the decades since, Boston Harbor has undergone a multi-billion dollar clean-up…

Up until now, only licensed commercial harvesters have been able to fish in certain areas of the harbor. Their catches went through a purification process before being sold and eaten.

Earlier this month, state officials updated the classification for parts of the outer harbor near Hingham, Hull and Winthrop to ‘conditionally approved’ — meaning residents and commercial harvesters alike will soon be able to collect shellfish from those areas.”

From WBUR.

South China Morning Post | Food Production

World’s First Clone-Hybrid Rice Could Double Global Output

“Chinese researchers have developed a revolutionary form of hybrid rice that can replicate itself through seeds that are clones, faithfully preserving high-yield traits generation after generation…

The price of hybrid seeds can reach 200 yuan (US$28) per kilogram in China, and even higher in other countries – up to 100 times more than that of regular rice seeds.

Moreover, the offspring of these high-priced seeds lose their hybrid vigour – superior traits from crossbreeding – forcing farmers to buy seeds again every year.

A research team led by Wang Kejian at the Chinese Academy of Agricultural Sciences’ China National Rice Research Institute has developed hybrid rice capable of near-perfect clonal reproduction through apomixis – a process in which seeds develop without fertilisation.

The team’s work, which is pending peer review, was published on the preprint server bioRxiv on October 17 under the title ‘Fixing Hybrid Rice: >99% Efficient Apomixis with Near-Normal Seed Set.’

Its new Fix8 series achieves more than 99.7 per cent cloning efficiency with seed-setting rates rivalling conventional hybrids, effectively creating self-replicating super rice.”

From South China Morning Post.