Source: Scientific American
quote: But ethanol isn't the biggest contibutor to prices these days. It's the growing middle class in China and India. These guys want meat. And it takes about ten pounds of grain to get a pound of meat.
quote: To go along with the end of corn for ethanol subsidies, we need to have some sort of guidance that says that farmers need to grow X percent of other-than-corn grain crops for every Y-percent of corn they grow.A HUGE part of the spike in food prices has not only been the higher cost of corn for animal feed, but the fact that farmers are devoting more acreage to corn production. Less acres of wheat/oats/barley/etc means higher prices on those grains as well.
quote: Thankfully this gravy train is coming to an end.