Foundation for Economic Education
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Ethanol Policy Raises Food Prices
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Across the country, ethanol plants are swallowing more and more of the nation's corn crop. This year, about a quarter of U.S. corn will go to feeding ethanol plants instead of poultry or livestock. That has helped farmers …, but it has boosted demand — and prices — for corn at the same time global grain demand is growing. (Washington Post [1], Wednesday)
Unintended consequences galore.
FEE Timely Classic
Ethanolics Anonymous [2] by Lawrence W. Reed
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/ethanol-policy-raises-food-prices/
URLs in this post:
[1] Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2008/04/29/AR2008042903092.html?hpid=topnews
[2] Ethanolics Anonymous: http://www.fee.org/publications/the-freeman/article.asp?aid=3892
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