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Another Failing Biofuel “Miracle”

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Posted on February 24 2010 4:30 pm
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by Dennis Avery

My wife is complaining about our increased costs at the supermarket. I remind her that every pound of meat, milk, and butter we buy requires several pounds of corn to produce—and biofuel mandates have shoved the corn price up from about $ 2 per bushel to $3.60. Many hog producers, dairymen, and egg farms have gone bust due to the inevitably higher cost of feed for livestock.

The higher food costs come on top of the already-higher prices we pay at the pump for the lower-energy ethanol being mixed with our gasoline.

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