Welcome! Log In Create A New Profile Recent Messages

Deep Creek Hot Springs

The Moon is Waning Gibbous (73% of Full)


Advanced

Re: SC39

All posts are those of the individual authors and the owner of this site does not endorse them. Content should be considered opinion and not fact until verified independently.

March 23, 2007 11:39PM
http://www.newwest.net/index.php/city/article/ethanol_binge_sends_corn_prices_skyward/C94/L94/

‘Ethanol Binge’ Hikes Corn Prices

Last week US BioEnergy had a ground-breaking ceremony at a new ethanol plant in Dyersville, Iowa, bringing to 78 the number of ethanol plants under construction, with 113 already operating. And that’s not good news for the ranchers and poultry farmers of the Rocky Mountain West.

Amid the “ethaphoria” currently gripping agribusiness and certain parts of the nation’s capital, a growing chorus of voices is pointing out an unintended consequence on the reliance on corn and grains as the raw material for ethanol production: prices for feed for livestock are rising, sending prices at grocery stores up as well.

“This ethanol binge is insane,” Paul Hitch, president-elect of the National Cattlemen’s Beef Assn., told BusinessWeek.

Corn prices have doubled over the last year, reports the Earth Policy Institute, while wheat futures are trading at their highest level in 10 years. 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..............
SubjectAuthorViewsPosted

SC39

Wizard 937March 15, 2007 01:18PM

Re: SC39

Paul P. 537March 15, 2007 02:00PM

Re: SC39

Rick 537March 15, 2007 03:29PM

Re: SC39

Wizard 501March 15, 2007 04:13PM

Re: SC39

Wizard 693March 15, 2007 11:44PM

Re: SC39

Wizard 521March 20, 2007 11:12PM

Re: SC39

Wizard 1204March 23, 2007 11:04PM

Re: SC39

Wizard 553March 23, 2007 11:39PM

Re: SC39

Wizard 1549March 24, 2007 12:02AM



Sorry, only registered users may post in this forum.

Click here to login