There’s a lot of good information surfacing recently on the follies of making fuel out of food. Paul Beingessner, in a recent edition of his weekly syndicated column, does an excellent job of cutting through the hype to lay bare the major problems that the expansion of the biofuels industry creates — especially for the world’s poor…
–Editor
By Paul Beingessner
Column # 626
July 3, 2007
Increasing prices for grains and oilseeds have some farmers optimistic about agriculture for the first time in years. The agrofuels industry is one of the main causes for increasing grain prices. The other is the fact that for nearly a decade, the earth’s population has consumed more grains that it has produced. Agrofuels became the tipping point that caused speculators and genuine grain buyers to realize that the supply/demand equation for food was tilting dangerously. Now, more than in the last number of decades, the market is hanging on every weather report from around the world.
