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Posts tagged “wheat prices”

By Robert Rapier on Feb 15, 2008 with no responses

Impending Food Crisis?

I know this is my second pessimistic post this week, but along with an energy crunch, I have been concerned about a food crunch. The whole ethanol love affair has had me worried for a long time about the impact on food supplies. My concern has been that as we diverted corn to ethanol, corn prices would go up (affecting food prices) but that also other crops would be affected. Some cropland would be shifted to corn, to take advantage of the artificial market created by the ethanol mandates, and this could cause acreage of other crops to fall short. And if you look at USDA Long Term Crop Projections, you will see that in fact, as corn prices climbed… Continue»