Food Prices up 4 times Farm crop prices 1982-2009

[JohnWxy]

http://www.foodandfuelamerica.com/#st=e%3DAOG8GaDa3StV6kPwnObexie%252BmZitnbSI6UJMGYuSOU3BjJY96bWEFFD2aSnQnzLMsCtllnlKYoWGuH40IOsc5RsJY1eNkZfZOHXCK71vT%252FrdFRRe9r87Jt4ds%252FBEbmQaY3j9ahAj2Dl2c5wgUxqvntVqZh5txg8zl5c3w7USafi29UhF77uPlj0jTJGHfjXRMV1q%252BKdFV1hmq0bW8gT2T2N48pfXQtceP%252F3Tgrt5pv%252BzNT5F6u154%252FE%253D%26c%3Dpeoplesense&rpctoken=267694201&

WHAT'S THIS?.....HERESY IN THE HALLS OF CONGRESS!


A new report by the Government Accountability Office (GAO) found that supermarket prices for food have climbed by 128 percent since 1982 – four times the increase in crop prices for farmers.


The new GAO report found that since 1982, farmers have generally received higher monthly prices for their commodities, but these prices have increased less than food prices and inflation in the broader economy.


So exactly how does ethanol lead to higher food prices?


It doesn't.HERESY! VILLAGERS, MAN YOUR TORCHES.


As we've long said here, consumer food prices are largely driven by costs after the farm costs---labor, energy, transportations, marketing AND profits.


And a Senate committee found earlier this summer that recent higher commodity costs were driven by speculators. Again, not by ethanol policy or farmers.

[RC]

1. Oh yes ethanol does lead to hight food prices!

When you grow corn for the high price you can get for it, you do not grow wheat, oats, soybeans or any other other crops. Ethanol is energy intensive to produce. Corn itself is energy intensive to crow.

[excess_3]

2. ya right... corn, $3.73 a bushel ...nt