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1 shutdown  Fri, Jul 8, 2011 9:04:27am
But ethanol's reign as the golden child seems finished, after three decades of support that helped built a sprawling industry. More than 200 ethanol plants now dot the United States, including 21 in Minnesota, a point of pride for supporters.

It really is about time. Corn-derived Ethanol is not the best alternative available, and food prices have suffered dramatic increases due to the insistence on burning a food crop in engines.

2 Jeff In Ohio  Fri, Jul 8, 2011 10:08:36am

While not a fan of ethanol subsidies, corns effect on food prices is more evidence of distortions in a corn monoculture. While most corn based foods - beef, milk, processed everything, sweet crap - have risen in prices due to their reliance on corn as a feed, meal or sweetener, other foods stuffs grown sustainably, organically and/or in a pasture have seen little or no increase in pricing.

3 shutdown  Fri, Jul 8, 2011 10:29:23am

re: #2 Jeff In Ohio

I agree with you, but the fact that corn impacts food costs is simply where we are today. The "corn monoculture" issue, as you put it very succinctly, is a separate discussion - of importance for global food supplies, for sure.

4 Surabaya Stew  Fri, Jul 8, 2011 11:13:08am

So at least there's one good thing to emerge from the debt ceiling fight....

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