by timmac » Sat 16 Apr 2011, 21:13:13
$this->bbcode_second_pass_quote('PhebaAndThePilgrim', 'G')ood evening:
There is another cause of rising food prices that is being ignored. That is the production of ethanol. We are farmers. We live in the center of the corn/cattle belt. Here is what we are seeing.
50% of U.S. corn crop is going for ethanol.
Corn is at an all time high, over $7.00 per bushel.
Actually we went to town the other day to purchase just one small bag of corn.
We needed to entice some reluctant cattle into a lot.
One 50 pound bag of plain corn, not cracked, was over $9.00.
The $9.00 cost is more than a doubling of a bushel of corn in just a few years.
Increased ethanol production and increased fuel costs are going to send the cost of meat and dairy through the roof. At least that is how I see it.
Ethanol is evil!
Pheba.
Better get your facts straight before blaming ethanol..
$this->bbcode_second_pass_quote('', 'O')n top of this, the “food and fuel” debate reached near hysteria
toward the end of 2007, throughout 2008 and well into 2009.
Ethanol was targeted as the culprit for rising food prices, with
little attention paid to the facts (such as the
significant impact of petroleum-based energy
costs at every stage of food production and
distribution) — or to what is really happening
in American agriculture today.
As commodity prices have returned closer to
norms prior to the dramatic speculation-driven
increase, we need to take a deep breath and
understand the truth. We are meeting the
increase in demand for fuel, while feeding
more people through exports — and unleashing technology in
every aspect of corn production. American farmers are using less
land to produce more corn — continuing a 50-year trend of
more bushels per acre (Fig.1). And there is every reason to
believe this trend will continue.