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NE Colorado | It was just a few years ago third world countries were criticizing our subsidies for driving down the world price of commodities.
So now we are the bad guys because ethanol has increased demand to the point those same farmers we were supposedly hurting are getting for once good prices? Which one is it?
I do not want to see anyone go hungry but there has to be some balance between getting rid of price depressing surpluses while ensuring people can afford food.
Corn at $2 per bushel and wheat at $3 were just too damned cheap and it wasn't that long ago we got those prices.
Perhaps had the markets "discovered" better prices for us a few years ago grains, particularly wheat, wouldn't be in such short supply now.
So now the markets are overdoing it in the other direction. Columbus had a better sense of direction when he "discovered" the East Indies, now known as America.
Edited by haymaker 2/28/2008 22:59
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Interesting Ethanol/Food Read
