Ethanol increases the demand for corn, which means corn prices go up. This causes prices for farmland to rise. It also raises the prices for animal feed, which makes food prices go up. Not just on meat -- prices have gone up on poultry and dairy products, as well as foodstuffs containing cornstarch, cornmeal, corn syrup and other corn products. Meanwhile, the U.S., which as recently as 2007 supplied two-thirds of the world's corn with its exports, now supplies only a little over one-third. And the amount of corn used to produce the ethanol to fill one SUV's gas tank could feed one person for one year.
Larry Elder, Ethanol: The GOP-Supported Rip-Off
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