Corn Powered Biofuel Cars to Inflate the Price of Meat
That’s right, the value of corn has gone up as car manufacturers have embraced the crop as an alternative biofuel source for powering automobiles.
Normally feed for American cattle rises 2 cents a year. By September, this year’s increase is expected to peak out around 90 cents higher than last year, pushing the cost of feed from $3.10 a bushel to over $4 a bushel.
The biofuel revolution has already hit Mexico’s tortilla industry causing an inflation crisis that is expected to spread north, inflating the cost of all American meats from steak to chicken wings. The USDA predicts that food prices will rise by up to 3.5 per cent this year as farmers rein in output in response to feedstock costs.
I’ll ask the question, why corn? Why not hydrogen? Why not fuel cells? Isn’t it common sense that waste or something unrelated to a food should be used as a fuel source? Why not just power our cars with human blood?
The choice of corn as a source of biofuel makes absolutely no sense. What happens if there’s a drought? Do we eat or do we drive? And who decides?
[...] Biofueled Cars to Raise Price of Meats [...]