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The Real Culprit Behind High Food Prices
Coyote Blog ^ | 8/16/12 | Coyote Blogger

Posted on 08/16/2012 4:52:26 PM PDT by BfloGuy

The Real Culprit Behind High Food Prices

August 15, 2012, 2:06 pm

Here is an amazing bit of data on where the US corn crop goes:

 

The Department of Agriculture says the corn crop in the US will be down 13% due to the drought.  But corn available for food uses is down 40% due to the ethanol mandate.  You do the math.  Wait, I don't trust your math.  I will do it for you:

PS-  It's kind of amazing the supposed worst drought ever has dropped corn yields by just 13%.  Hurray for modern agriculture.   This year we will still produce about the same amount of corn we did in 2006.



TOPICS: Business/Economy; Government
KEYWORDS: ethanol
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To: count-your-change
Your example proves the correctness of my comment. Thank you.

If you do not interpret the statement to mean that imports from outside the U.S. must be paid for by exports to foreign countries, then you are correct. Given the context of the discussion, it certainly did not appear that you intended that meaning and was really a non sequitur.

21 posted on 08/22/2012 3:44:31 PM PDT by BfloGuy (Without economic freedom, no other form of freedom can have material meaning.)
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