Wednesday, July 25, 2012

...Steve Ring: Drought should spur debate on ethanol.

"Food prices will go up. The real question is will there be enough food to go around the world? What happens if this isn’t a one-year event? What are our contingency plans? Sadly, there don’t seem to be any.  We are at the early stages of liquidation of cows and hogs. Once this continues to escalate, there won’t be a quick recovery due to the costs and time necessary to start livestock operations back up.
Burning food for fuel has always been a poor policy, in my opinion. Let’s see what type of knee-jerk reaction we get next. Remember Rahm Emanuel’s famous “Never let a crisis go to waste”? This one could be one of the current administration’s toughest yet. When will they recognize it?"

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