Friday, June 15, 2007

More Ethanol


After a discussion with Sarah: Clearly, farmers increasing their corn production is a natural response to an ethanol fueled rise in corn prices. As for the birds, they're the casualties of a dynamic that will probably result in lower corn prices in the long run (once the market is saturated and competition drives the price back down). Already, there is a "glut" expected to hit the market this fall as "farmers have planted 90.5 million acres of corn, the most since 1945, according to the USDA."

Ethanol, of course, has its own environmental and national security benefits...And global warming isn't exactly great for the birds either.

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