Biofuels, Energy, Ethanol, and Hunger

Wed, 13 May 2020 07:19:43 GMT

Some estimates, according to Foreign Affairs, state that half of U.S. corn production will soon go towards ethanol rather than food consumption. Farmers aren’t stupid; those that used to grow wheat, barley and other grains have begun switching to corn because of the bonanza of government subsidies and rising prices that result, corn “futures rose to over $4.38 a bushel, the highest level in ten years.” Direct corn subsidies are almost $10 billion a year in the US alone.(Ibid)