‘Ethanol Binge’ Hikes Corn Prices

Demand for corn to make ethanol has now doubled corn prices in the U.S.

“The diversion of corn to fuel ethanol uses “is creating unintended consequences throughout the global food chain,” a Bloomberg analysis finds – not to mention increased use of pesticides and fossil fuels to grow all that corn. Meanwhile, the U.S. Congress has slapped a 54-cents-per-gallon tarrif on ethanol from Brazil – which is grown from sugarcane.”

Read the rest about this silliness in New West.

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