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one mans view of the beloved biofuels
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LongKC
Posted 10/22/2013 15:06 (#3398664 - in reply to #3398635)
Subject: RE:Don't you just love the implied assumption. That ....


Middle Tennessee
I couldn't finish the article. If the article were serious about analyzing food-cost increases, it would emphasize food costs overseas. It's a joke to make a big deal about the share of income to food-costs bottoming at 12% in the US, which is where this analysis starts. As food costs have been coming down, what has been happening to gas prices? It doesn't take a farmer paying high input costs to realize high gas prices are way more of a factor in the price of food than ethanol production.
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