Sometimes being “green” can be bad for us and those less fortunate. It feels odd to write those words, but mandatory ethanol production has a lot of unintended consequences.
The most notable to Americans is rising food prices, writes The New York Times . As you can see from the chart, it’s not your imagination that feeding our kids is getting ever-more pricy. Until now, I thought more expensive mini-wheats was just a feature of living in the big city, but apparently food prices have risen sharply since I left California and moved to Chicago.
There are two primary culprits, which are inextricably linked: 1. higher oil prices, which make it more expensive to grow, harvest and ship food. 2. The subsequent rise of corn-made ethanol.
The most notable to Americans is rising food prices, writes The New York Times . As you can see from the chart, it’s not your imagination that feeding our kids is getting ever-more pricy. Until now, I thought more expensive mini-wheats was just a feature of living in the big city, but apparently food prices have risen sharply since I left California and moved to Chicago.
There are two primary culprits, which are inextricably linked: 1. higher oil prices, which make it more expensive to grow, harvest and ship food. 2. The subsequent rise of corn-made ethanol.