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Elevated food prices may be part of the new reality, says the IMF, as it will take years for...

Elevated food prices may be part of the new reality, says the IMF, as it will take years for farmers to meaningfully expand production. Rising demand reflects "structural changes in the global economy that will not be reversed." Putting corn into gas tanks isn't helping matters.
Comments (5)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    WIN. Defund the IMF.
    4 Mar 2011, 08:37 AM Reply Like
  • Frank Choi
    , contributor
    Comments (115) | Send Message
     
    Agreed, we need to end the IMF. They're just a front now for the centrally planned economic social class genocide that is going on in the world. It's time we stop their economic terrorism from inflicting more harm upon the world.
    4 Mar 2011, 09:05 AM Reply Like
  • Capitalist1
    , contributor
    Comments (54) | Send Message
     
    ...and borrowing money from the Chinese to provide tax subsidies for putting corn into gas tanks is the height of stupidity, but try telling that to the tree huggers at the EPA. They want to increase the amount of corn in gas tanks by 50%.

     

    EPA to the hungry in the third world: "Let them eat cake."
    4 Mar 2011, 09:10 AM Reply Like
  • kmi
    , contributor
    Comments (3992) | Send Message
     
    This is a BS report, estimates of cultivatable land currently fallow is like 7%...

     

    Not that i am not bullish on agribuisness but this "report"is ridiculous.
    4 Mar 2011, 09:21 AM Reply Like
  • D. McHattie
    , contributor
    Comments (1827) | Send Message
     
    And reckless money printing has nothing to do with rising commodity prices?

     

    C'mon now, pulll the other one.
    4 Mar 2011, 09:29 AM Reply Like
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