Rising grocery prices: Don’t blame ethanol
By CYNTHIA AUKERMAN
Winchester News-Gazette (IN)
Corn has gone from $2 a bushel in January 2006 to $4 a bushel in February 2007. That’s good for grain farmers, maybe not so good for livestock farmers, and the price increases are probably having some effect on rising grocery store prices.
But Troy Prescott, president of Cardinal Ethanol, says rising grocery prices can’t be blamed all on the higher corn prices brought about by the ethanol plants being built all over the Midwest.
The Beef Blog 