Corn prices shot up 50 percent last fall and are expected to double this year as ethanol plants gobble up more of the crop.
If you want to know how that affects you, look at the ingredients label on almost anything in your food pantry. Chances are you will find corn syrup, corn oil or corn sweetener on the ingredient list.
The weekly grocery bill will go up in equal measure with the output of ethanol.
If you are a corn farmer, you love this.
However, if you are a beef or dairy farmer, things are not so good. With more of the corn crop diverted for ethanol production, the cost of feed is climbing. The result is the price of beef and pork is way up.
It hits all income levels too. The price of corn flakes is up in the USA. In Mexico, the price of tortillas is soaring.
I am worried about the price of bourbon whiskey.
Ethanol is a fraud of an alternative fuel. It is too costly to make. It cannot be shipped economically. It offers only a minimal impact on the greenhouse gasses.
There are better choices being developed such as Bio-Butanol made from waste materials.
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