Wednesday, December 12, 2007

Fill 'er Up with Corn, for a Full Tank of Food Inflation

By Brad Zigler

The U.S. government is supporting ethanol production in the hope of increasing supply fivefold by 2017. So much acreage has been given over to government-subsidized corn production now that fully one-third of the domestic corn harvest goes to fuel production.

More fuel, less food.

There's been a notable ripple effect felt here and overseas. The price of food has gone up. BIG TIME. Been to the grocery store and seen the price of milk or eggs recently?


Click here for whole article

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