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Thursday, February 10, 2011

Corn and higher food prices! It’s not wise to turn food into fuel

Ethanol and QE2 are creating more poverty. Corn turned into fuel is not available for food!!!

Get ready for higher food prices

Warnings of higher food prices headed for American supermarkets and restaurants were swallowed easily across much of farm country Wednesday.

The big gulp came when the U.S. Department of Agriculture reported that global demand had pushed U.S. corn supplies to their lowest point in 15 years.

The price of corn, which has doubled over the past six months, affects most food products in supermarkets. It's used to feed the cattle, hogs and chickens that fill the meat aisles.

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