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Food on the Rise

I’m starting to see more articles supporting my fears regarding the conflict between BioFuel and BioFood. The tragic unintended consequences of corn based ethanol is that the cost of food, starting with the grains, corn, wheat, and rice, has increased dramatically over the past year. Here is a chart from the World Bank illustrating this unfortunate price rise

World Food

Liz Ann Sonders (at Charles Schwab and Co.) recently wrote a piece on this topic titled “Beast of Burden: A Global Food Crisis Erupts.” An excellent discussion on this topic.

Joe

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