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To: newgeezer
Do you have any facts to prove whether and how much government-mandated ethanol distorts food markets?

I think I heard that ethanol production for fuel last year used 15% of the corn crop. You think that might distort the market? I know that I used to get corn on the cob for 10-25 cents an ear, here in Illinois. Last year, I think the best price I saw was 8 ears for $5.

75 posted on 04/22/2009 9:22:16 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
I think I heard that ethanol production for fuel last year used 15% of the corn crop.

32%

http://www.api.org/aboutoilgas/upload/truth_primer.pdf
Page 23

77 posted on 04/22/2009 10:06:56 AM PDT by thackney (life is fragile, handle with prayer)
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To: Toddsterpatriot
I think I heard that ethanol production for fuel last year used 15% of the corn crop. You think that might distort the market?

The corn market? Sure, and the competition for land can and did affect other grain markets. But, I'm still waiting for any facts to prove whether and how much government-mandated ethanol "distorts food markets" (other than the niche "corn on the cob" market). How much do fluctuations in grain prices affect the price of food?

Someone previously stated his opinions and feelings about markets, and you raked him over the coals, demanding evidence. Now, when you hope to make a point, your idea of supporting evidence is to present what you think you paid for corn on the cob last year? ;O)

86 posted on 04/22/2009 11:33:06 AM PDT by newgeezer (It is [the people's] right and duty to be at all times armed. --Thomas Jefferson)
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