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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.

Blog Post | Food Prices

Time Pricing Big Macs Around the World

Even if a Big Mac is more expensive in money, it can be less expensive in time.

Summary: Big Mac prices across countries can be better understood by measuring them in terms of time rather than money—specifically, how long people must work to afford one. Comparing time prices reveals meaningful differences in wages and productivity that aren’t obvious from currency values alone.


McDonald’s operates in over 100 countries worldwide. Since 1986, The Economist magazine has published the Big Mac Index, built on the theory of purchasing power parity (PPP)—the idea that exchange rates should equalize the price of an identical basket of goods across countries. The following shows the dollar price of a Big Mac in each country, sorted by price:

But we can go one step further.

Instead of comparing currencies, we can compare time.

We start with the nominal price of a Big Mac in each country, converted to U.S. dollars, and then compare it to average hourly earnings. Since average hourly earnings data are not available for all countries, GDP per capita divided by annual hours worked serves as a reasonable proxy for relative wages between countries.

This transforms the question from “What does it cost?” to “How long do you have to work to get it?” A Big Mac can be more expensive in money but less expensive in time, depending on where you live.

A Big Mac in Taiwan costs only $2.38, compared to $7.99 in Switzerland, but after adjusting for hourly earnings, the time prices are very similar. In Pakistan, a Big Mac costs $3.77, but hourly earnings are $0.86, putting the time price at 4.4 hours. In Denmark, the price is $5.49, but hourly earnings are $57.60, so the time price is under six minutes. For the time it takes a worker in Pakistan to earn enough to buy one Big Mac, workers in Denmark can buy more than 46.

The Big Mac doesn’t just measure currencies; it measures the spread of knowledge.

What looks like inequality in dollars is often a difference in productivity, learning, and institutional capacity. The real divide is not between rich countries and poor countries—it is between places where knowledge compounds and places where it is constrained.

When a sandwich falls from four hours of work to four minutes, something profound has happened—not to the burger, but to the growth and sharing of knowledge.

The story of abundance is not written in dollars. It is written in time.

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

Phys.org | Agriculture

Novel Wheat Hybrids Increase Fungal Disease Resistance

“A new experimental study has identified a novel genetic locus in a common agricultural weed, Elymus repens, that provides significant resistance to the destructive fungal disease Fusarium Head Blight (FHB) and has now been successfully transferred into wheat to produce FHB resistant hybrids…

Dr. Yinghui Li and Houyang Kang’s research team’s new study, published in the Journal of Experimental Botany, outlines how they successfully hybridized E. repens and cultivated wheat to transfer FHB-resistant genes from E. repens into the wheat.

When testing for the presence of FHB from deliberately infected plants, hybrid genotypes containing the resistance genes, labeled as 1StL, showed a 69% reduction in diseased plant spikelets under greenhouse conditions compared to the control wheat, and a 60% reduction under field conditions.”

From Phys.org.

CGIAR | Food Production

Banana, the Crop That Defeated a Food Crisis in Tanzania

“In Tanzania, nearly half of banana farmers in Kagera have adopted improved varieties introduced through a partnership led by ENABEL and KU Leuven, with CGIAR playing a crucial role in their selection and dissemination, helping secure food and livelihoods for over 125,000 people in the region…

An impact study by IITA reveals the scale of the transformation. By 2024, nearly 48% of banana farmers in Kagera had adopted these improved varieties, leading to 15% increase in productivity, reduced crop losses from pests and diseases and more farmers producing surplus for markets.

For households, this translates directly into better nutrition. Daily caloric intake among adopting families increased by 27%, reflecting improved food availability and diversity.

The impact extends beyond the farm.

As production increased, so did economic opportunities across the banana value chain. Traders expanded into larger and more distant markets, while processors began favoring the improved varieties for cooking and dessert, and better processing qualities. The region’s economy benefited from an estimated 119,000 additional tons of banana production annually, contributing nearly $7 million per year.”

From CGIAR.

Associated Press | Conservation & Biodiversity

California Salmon Population Rebounds, Fishing Open Again

“Federal fishery managers voted Sunday to open waters off the coast of California to commercial salmon fishing for the first time since 2022, with the population rebounding after wet winters ended a long drought.

The decision by the Pacific Fishery Management Council to allow limited commercial and recreational salmon fishing off the coast is a win for the state’s salmon fishing industry, which has grappled with years of season closures due to dwindling fish stocks. The council, which manages fisheries off the West Coast, barred commercial salmon fishing off California for the past three years. It voted last year to allow some recreational fishing for the first time since 2022.”

From Associated Press.