The E-Xchange — Food
Charges and Changing - Helping Feed and Fuel the World
This week, the chairman of Nestlé, Peter Brabeck-Letmathe, attacked ethanol as an “immoral” policy. It is a charge backed by lots of emotion, but very little fact. Here I present the facts about ethanol, without emotion or misplaced sanctimony.
Posted in Ethanol, Food, Production
Who Gets Your Food Dollar?
Food prices around the globe are rising and as a result, many are quickly searching for a scapegoat. Far too many are still recycling half-truths and misconceptions about the role of rising corn prices in food price escalation and demand for corn created by America’s ethanol industry. In a new look at the distribution of each dollar spent on food in the U.S., the U.S. Department of Agriculture has found just 11.6 cents of each dollar spent makes its way back to the farm. In other words, the raw ingredients in retail food items account for just 12 cents of every consumer dollar spent, while energy costs, labor, transportation, packaging, and other supply chain costs account for the other 88 cents.
Posted in Agriculture, Corn prices, Ethanol, Food, Speculators, USDA
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