Quote:
Originally Posted by Kurt V
Ethanol is a scam, but hasn't raised food prices. Transportation costs have driven up food prices.
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The first statement is wrong, the second statement is partially true.
I can see corn and soybeans from my office window right now. Every single arable acre is being planted right now. Because less farmland is available to grow food (it is being used for ethanol) it has decreased the supply of food and driven up the price. And yes, that more expensive food is also more expensive to transport.