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Food price not related to ethanol
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Kooiker
Posted 11/23/2012 21:14 (#2713220 - in reply to #2712489)
Subject: Re: Food price not related to ethanol



I'm not advocating dropping ethanol or banning exports.

 

With that said supply vs demand is the same as supply vs demand.

 

 

Govt supported production in effect put a lid on prices.    Govt supported consumption has in effect put a floor under prices.

 

 

It is the same issue.    The only people that can look at it and say that it is not the same are grain farmers that want to deny that they were being subsidized by LDP's, CCP's, DP's etc and are currently being subsidized by govt mandated ethanol consumption.

 

We've exported grain for several decades.   Its always been world supply vs world demand.  

Everyone says that more corn is being produced because of ethanol.    Apparently no additional acres of corn would have been planted without a govt backed ethanol industry?   Apparently the corn price would have never risen without ethanol to entice farmers to plant more acres.

 

IMO, the usage by ethanol kind of has us backed into a corner.    We've already put almost all the acres into corn that can go into corn, we can't just add some acres to get out of the hole.

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