Peter Timmer

High fructose corn syrup. Yep. You've got surplus corn. And you've got a demand for easy, convenient sweetener in the food sector. And that was just a perfect storm. That syrup revolutionizes food processing because instead of a powdery sweet thing, it's a liquid. And liquids are way easier to handle. in food processing.

High fructose corn syrup. Yep. You've got surplus corn. And you've got a demand for easy, convenient sweetener in the food sector. And that was just a perfect storm. That syrup revolutionizes food processing because instead of a powdery sweet thing, it's a liquid. And liquids are way easier to handle. in food processing.

If I had only one thing to say about the impact of our agricultural programs on what you see in the supermarket and subsequent health issues out of the diet, I would have said the fact that we use so much high fructose corn syrup, that's the example of how things can go badly wrong even if well intended. I mean, don't get me started on ethanol because that's the next step.

If I had only one thing to say about the impact of our agricultural programs on what you see in the supermarket and subsequent health issues out of the diet, I would have said the fact that we use so much high fructose corn syrup, that's the example of how things can go badly wrong even if well intended. I mean, don't get me started on ethanol because that's the next step.

If I had only one thing to say about the impact of our agricultural programs on what you see in the supermarket and subsequent health issues out of the diet, I would have said the fact that we use so much high fructose corn syrup, that's the example of how things can go badly wrong even if well intended. I mean, don't get me started on ethanol because that's the next step.

in reducing the surpluses, but I don't want to go there.

in reducing the surpluses, but I don't want to go there.

in reducing the surpluses, but I don't want to go there.

We didn't manage that process very well. But I think just basic economic forces would have pushed us in that direction. It just wouldn't have pushed us as far.

We didn't manage that process very well. But I think just basic economic forces would have pushed us in that direction. It just wouldn't have pushed us as far.

We didn't manage that process very well. But I think just basic economic forces would have pushed us in that direction. It just wouldn't have pushed us as far.

Supermarkets were able to manage the supply chains all the way back to farmers, but they didn't want little tiny farmers. Just one supplier, please. It's just way too complicated to contract with 50 or 100. That has changed then the nature of production.

Supermarkets were able to manage the supply chains all the way back to farmers, but they didn't want little tiny farmers. Just one supplier, please. It's just way too complicated to contract with 50 or 100. That has changed then the nature of production.

Supermarkets were able to manage the supply chains all the way back to farmers, but they didn't want little tiny farmers. Just one supplier, please. It's just way too complicated to contract with 50 or 100. That has changed then the nature of production.

right down at the level of Tip Top Canning Company and how we would be able to provide the kind of regular quality and supply and low price that a Walmart or a Kroger or a Publix would need.

right down at the level of Tip Top Canning Company and how we would be able to provide the kind of regular quality and supply and low price that a Walmart or a Kroger or a Publix would need.

right down at the level of Tip Top Canning Company and how we would be able to provide the kind of regular quality and supply and low price that a Walmart or a Kroger or a Publix would need.

I used to ask my class, I'm talking 1985, where is the world's largest supercomputer? And the correct answer was, it's at the Pentagon. Okay, where is the world's second largest supercomputer? Bentonville, Arkansas, home of Walmart. They used that computer to track every single item on every single Walmart shelf. That information technology is what revolutionized food marketing.

I used to ask my class, I'm talking 1985, where is the world's largest supercomputer? And the correct answer was, it's at the Pentagon. Okay, where is the world's second largest supercomputer? Bentonville, Arkansas, home of Walmart. They used that computer to track every single item on every single Walmart shelf. That information technology is what revolutionized food marketing.

I used to ask my class, I'm talking 1985, where is the world's largest supercomputer? And the correct answer was, it's at the Pentagon. Okay, where is the world's second largest supercomputer? Bentonville, Arkansas, home of Walmart. They used that computer to track every single item on every single Walmart shelf. That information technology is what revolutionized food marketing.