I pretty much agree with Barry, but just to add my two cents as someone
reasonably well connected to agriculture including ethanol production:
Everyone should remember that ethanol production requires low grain prices to
be anywhere near economically competitive to petroleum.
Right now the Gov't is pushing ethanol production but someday they will realize
that we can plant the whole country in corn and still not produce enough
ethanol to wean us from oil.
-Steve
----- Original Message ----
From: Barry B. Bean <bbbean@xxxxxxxxxxxxxx>
To: "olympus@xxxxxxxxxx" <olympus@xxxxxxxxxx>
Sent: Thursday, April 12, 2007 9:37:54 AM
Subject: [OM] Re: [ot] alternative fuels
On Wed, 11 Apr 2007 17:48:13 -0700, Winsor Crosby wrote:
>Amazing that you could say that after the recent demonstration, 75000
>strong in Mexico, calling attention to hunger among peasants who can
>not longer afford to buy the tortillas that are a staple of their
>diet. The international rise in corn prices due to US ethanol
>production has priced them out of the market. For food.
75000 angry Mexicans notwithstanding, I stand by what I said. Corn prices are
still well within the normal seasonal variance, and I do not believe they have
a case. It may be that they have to use flour
tortillas or incorporate more rice in their diets. It may be that the Mexican
Government should do a better job of addressing poverty in their own country.
It may be that Mexico's economic problems
existed long before ethanol was an issue, and are far too complex to blame on
any single factor.
Its fashionable to bash the US and US Farmers. But be careful you don't bite
the hand that feeds you.
BB
--
Barry B. Bean
Bean & Bean Cotton Company
Peach Orchard, MO
www.beancotton.com
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