In response to:

Dimwit Energy Policies, Record Corn Prices

woodie144 Wrote: Aug 11, 2012 2:55 PM
Stands on it? I'm not even sure he understands it's a problem. We all want farmers to do better, but is ethanol from corn the way to go? Sugar beets and cane sugar are better suited to ethanol production as attested by Brazil's switch to ethanol from cane production. Fact is, then sugar prices would rise, but would it necessarily have to? We could then eliminate tariffs imposed on cane from foreign sources, could we not? Import all the cane the ethanol producers can get, but keep hands off corn. You think the world won't be ticked off if the price to feed themselves rises drastically sue to our inconsideration of the fact that 1) we have plenty of oil here if we are willing to drill her and drill now 2) our energy policy was geared toward

The price of corn is at all all-time high because of extreme drought conditions in the US coupled with the hottest July temperatures since records began 117 years ago.

Inane Policies

US policy mandates production of ethanol for blending in gasoline. That ethanol comes mostly from corn.

Diverting corn crops to inefficient ethanol production has members of the Group of 20 leading economies – including France, India and China – concerned about the US ethanol policy.