markj

The Ethanol Boom's Unintended Consequences

On balance, Mr. Dwinnell appears to be correct in his piece. And John Stossel is no slouch, either. Mr. Morris and others perhaps did not take the time to read the WSJ article that Dwinnell linked in his piece (worth seeking out if one isn't an electronic subscriber to WSJ) -- in fact, pigs (not cows) are increasingly being fed the smorgasbord of non-corn items, such as broken pieces of candy from manufacturers, tater tots, etc. (yes, the discard candy is cheaper than corn). Mr. Kamp has more confidence in USA politicians than I do; it's already easy to see many unintended consequences of the government ultrahype and subsidizing ethanol. The price of corn futures are real enough for farmers making decisions about what, and how much, to plant. Cheap, local sweet corn is incidental to the major economic reverberations caused by the ethanol hype. See what Jim Jubak recently said regarding ethanol's significant economic ripple effects at articles.moneycentral....