Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $25,322
31%  
Woo hoo!! And we're now over 31%!! Thank you all very much!! God bless.

Keyword: foodflation

Brevity: Headers | « Text »
  • Getting slammed at the supermarket (corn crop failure will raise food prices)

    09/25/2011 11:37:09 AM PDT · by lowbridge · 66 replies
    NY Post ^ | September 19, 2011 | BARBARA F. HOLLINGSWORTH
    High energy prices and bad weather -- including blistering hot temperatures, flooding in some places and drought in others -- hurt this year’s agricultural output. But farmers agree that a major problem is the soaring price of corn, which is used directly in products like cereal, and indirectly as livestock feed. Corn is nearly twice as expensive now as it was last summer -- even though US farmers planted the second-largest crop since World War II. Why? Well, 40 percent of the crop goes to produce 12.6 billion gallons of ethanol to meet the government’s renewable fuel standards. In other...