Not that many years ago there was a arresting star on the horizon - ethanol and bio-diesel yield could sacrifice our dependence on foreign oil. Wherever profit and provide and quiz, meet, the top profit is where the quiz, will be.
Now we have hundreds of thousands of acres of corn in yield for ethanol, corn that once would have gone to raising livestock. Because that corn is gone, prices of food is going up - milk, meats and grain products have hiked in price due to a reduced provide available. However, there seems to be some misconceptions on both sides of the coin.
The lowest line is that much of the corn crop is being diverted to ethanol production. Agreeing to popsci.com this has already raised U.S. food prices by per person and sparked protests in Mexico due to corn for tortillas being higher priced.
Who has backed ethanol yield to get it going? The first big lobbyist was none other than Archer Daniels Midland (Adm) - that's right the "supermarket to the world" folks. So whether ethanol works or not, they will make money. They have been complicated in pushing corn into fuel for 30 years Agreeing to zfacts.com. In 1996, several business executives were convicted of conspiracy to fix the lysine markets, resulting in a 0 million fine. They are the biggest beneficiary of over billion in government subsidies, estimated to be .3 billion just from ethanol in 2007. They operate 24% of the capacity and of procedure benefit from the higher food prices.
As a result of higher corn prices, less soybeans and cotton as well as other crops are being grown. Using 20% of the corn for ethanol has raised prices of food. What if 60% of corn went to ethanol? Can you add an additional one 40% onto your grocery bill?
There are two major ways food supplies are interrupted - one is the poor not being able to afford food and the other is food not being available. Here in the U.S., most people have never had a serious interruption in food supplies. Up until now, food has been plentiful to the point of wasting.
Here's an additional one thing that inflates prices...remember Adm being complicated as well as other corporations. Ethanol makes use of liquid - not corn, so what is the byproduct of corn? All this corn is going to ethanol so it can't be used for livestock feeding right? Look again! The fact is, 100% of these dried grains can be palletized without adding anyone else...and the former outlet for it is cattle, swine and poultry feed! So now why are prices going up due to lack of corn? Think of that just a few minutes. Not only the three former meat animals but fish raised for food in aquaculture also can eat this pellet byproduct - corn! This is reported over a year ago in cattle circles, and yet the growth in food prices is blamed on corn not being ready for cattle. With an growth in acreage planted in corn there should be a decrease in feed costs for livestock, not an increase!
Despite this, look at how widely it's reported that this is the theorize for higher food costs. Those who live near a Midwest ethanol plant article immense amounts of corn advent in and just as much going out after being used for ethanol. Adm, also in the Midwest, is complicated not only in ethanol and food but also in livestock feed...now how much power and operate over the country do they have? They have operate over food prices, make no mistake. If they stopped shipping food out it would cripple the country in a very short number of time - and would have us convinced that a shortage did it and it's out of their hands.
At what point will we have to pick between food and fuel? What are you willing to do right now to insure your food provide is there? You better know a small farmer and hope it's not illegal for him to sell to you! With major corporations and billions in dollars behind them, they can and will do away with small farm competition and consumers are unaware of it. Buy local and start insuring your food provide today.
Food Shortage Or Fuel Shortage - Pick Your Poison
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