Monday, June 11, 2007

Am I living in the 80's?

Do we still subsidize corn growers out the wazoo? Or did I fall asleep and wake up twenty-years later to find there just isn't enough corn to go around?:

A recent study conducted by the Center for Agricultural and Rural Development at Iowa State University (which receives funding from grocery manufacturers and livestock producers) reported that U.S. ethanol production could consume more than half of U.S. corn, wheat and coarse grains by 2012, driving up food prices and causing shortages. The study estimates that booming ethanol production has already raised U.S. food prices by $47 per person annually. In Mexico, protests have already erupted over the high price of corn tortillas, a staple food in the local diet.

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