Wednesday, August 15, 2007

CORN AFFECTING FOOD PRICES BESIDES OTHER FACTORS.

DUE TO GOVERNMENT MANDATES,CORN BEING GROWN FOR ETHANOL is helping drive up food prices. What so sad is that without the government subsidizing ethanol production (kick backs to the ethanol producer), there would be less interest in ethanol production. We don't even have any ethanol fuel pumps in our area. How many older cars will be able to burn the E85 fuel?

WE DON'T NEED TO USE DOMESTIC CORN for ethanol, there are other feedstocks that yield better ethanol than the corn being grown in the U.S.
Ethanol can be a great approach to getting us off the oil merry go round, but using corn, a main product in just about all food items in the U.S. is not the smartest route.
The farmers will grow more corn, make a mere pentance more for their corn and their costs will go up 20-30% because of higher fuel and fertilizer price increases.
I just post the info. But it is worth a look and see.

LINK: http://www.mcclatchydc.com/227/story/18902.html

S
8/15/07

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