Why are Food Prices Going Up?


The media and the environmentalists say the high food prices are a result of ethanol biofuel production. The agriculture industry says it’s because of soaring fuel prices (among other things).

So who’s right and who’s wrong?

I was going to make a long post detailing the answer to this question, but instead, I’ll let you decide for yourself.

 

 Sources: Historical Crude Oil Prices & Historical Grain Prices

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This entry was posted in Agriculture, Biofuels, Ethanol, Food, Uncategorized and tagged , , , , . Bookmark the permalink.

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