Actually what they are doing is buying up Livestock to butcher now so there will be enough corn to make it thru to Next year’s harvest because this years is so poor. All food prices are going to go up. However, chicken, pork and beef will skyrocket as well as dairy products.
What freaking genious didn’t see this comming when you sign legislation requiring 10+ % of your corn to be used in making biofuel. Oh no, we’ve never had droughts in North America before. /s
It is not 10% of our corn, it is 10% of our fuel.
The percentage of corn to fuel ethanol is now at 49% of the crop according to the USDA.