Re: Interesting Though On Biofuel


"Dave Lyon" <lct.products@xxxxxxxxx> wrote in message
news:XQcPh.17851$oV.8781@xxxxxxxxxxxx


There ha been quite a lot written about how the US government has been
keeping the prices of things like corn and cotton low with subsides to
farmers. Small farmers in developing countries are being destroyed by the
US
government funded cheap exports.



Funny, one minute it's our fault corn prices are too high, now it's our
fault they're too low. Even though corn is selling higher than I can ever
remember it.


Dave, cotton is one thing, corn another. Corn has been going up because of
rising demand from the biofuel industry; ethanol production is expected to
consume 26% of this year's corn harvest, up from 11% in 2004 ... All the
while, farmers are upping how many acres of corn they're planting, often at
the expense of wheat, cotton, or soybeans.
http://money.cnn.com/2007/03/29/magazines/fortune/corn_gold_rush.fortune/?postversion=2007033010
cotton is different
http://news.bbc.co.uk/2/hi/business/5213562.stm

Like it or not, what is happening with corn supports Castro's point.


.

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