Keyword: burningfood

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  • Poor Corn Crop Will Have Major Impact on Ethanol Market

    07/22/2012 7:43:43 PM PDT · by QT3.14 · 27 replies
    The Energy Collective ^ | July 17, 2012 | Robert Rapier
    [Snip]...I have long felt that one of the biggest threats to the U.S. ethanol industry is a major drought/crop failure in the heart of corn country. This year we may be experiencing such an event. Recent reports indicate that what had been expected to be a record crop of corn has been downgraded such that only 40% of the corn crop is being classified as in good or excellent condition. This is down 48% versus last week and 69% versus a year ago.
  • Rising Corn Prices and Your Grocery Bill.(Yet our govt keeps subsidizing at high cost)

    07/19/2012 3:25:27 PM PDT · by bestintxas · 18 replies
    smart money ^ | 7/18/12 | j hough
    Corn prices are nearing the record highs of last summer as the U.S. Midwest suffers its worst drought since 1956. Shoppers should expect higher grocery bills, because corn is used in three-quarters of supermarket products. But don’t panic. Overall cost hikes are likely to be modest. “A 50% increase in the price of corn tends to raise total shopping bills by about 1%,” says Ricky Volpe, a research economist with the U.S. Department of Agriculture. Corn’s price has jumped 45% this summer. Of course, even a modest increase to shopping bills is unwelcome news for households on tight budgets. Strange...
  • Soaring Food Costs Mean a Garden is as Good as Gold

    04/16/2012 4:57:26 AM PDT · by orsonwb · 26 replies
    The How Do Gardener ^ | 04/15/2012 | Rick Bickling
    According to the US Bureau of Labor Statistics, Consumer Price Index Data for March 2012, the Consumer Price Index for fresh vegetables purchased for home use rose 4.5 percent from the same time last year. Recent USDA data also shows that the price of grains such as corn, wheat, rice, and soybeans has increased 234% since January 2002...
  • Africa: Biofuels won’t feed the people

    03/16/2012 11:48:04 PM PDT · by bruinbirdman · 11 replies
    La Repubblica, Rome ^ | 3/15/2012 | Stefano Valentino
    Seeking to meet new regulations on low-carbon emission fuels, Europeans are battling over millions of hectares of African land in order to grow biofuels. This is detrimental to food crop production, warn NGOs. A jatropha nursery field by Stefano Valentino Imagine a surface the size of Switzerland – 4 million hectares – totally covered in plantations aimed at supplying fuel to vehicles and electricity plants. That's the total land currently exploited in Africa by Western countries in order to supply biofuels. The British are in the lead with a record 1.6 million hectares of cultivated land, followed by the Italians,...
  • Nestle chief warns of new food riots

    The head of the world's biggest food company Nestle said on Friday that rising food prices have created conditions "similar" to 2008 when hunger riots took place in many countries. "The situation is similar (to 2008). This has become the new reality," the Swiss giant's chairman Peter Brabeck-Letmathe told the Salzburger Nachrichten daily in his native Austria in an interview. "We have reached a level of food prices that is substantially higher than before. It will likely settle down at this level. "If you live in a developing country and spend 80 percent of your income on food then of...
  • Getting slammed at the supermarket (corn crop failure will raise food prices)

    09/25/2011 11:37:09 AM PDT · by lowbridge · 66 replies
    NY Post ^ | September 19, 2011 | BARBARA F. HOLLINGSWORTH
    High energy prices and bad weather -- including blistering hot temperatures, flooding in some places and drought in others -- hurt this year’s agricultural output. But farmers agree that a major problem is the soaring price of corn, which is used directly in products like cereal, and indirectly as livestock feed. Corn is nearly twice as expensive now as it was last summer -- even though US farmers planted the second-largest crop since World War II. Why? Well, 40 percent of the crop goes to produce 12.6 billion gallons of ethanol to meet the government’s renewable fuel standards. In other...
  • A World Food Shortage Is Looming, Buy Ag Stocks

    05/31/2011 3:30:02 PM PDT · by WILLIALAL · 48 replies
    Seeking Alpha ^ | May 31, 2011 | David White
    The world grain inventories were already depleted from truly terrible weather in 2010. Now we are seeing even worse weather so far this year. China is experiencing its worst drought in 50 years. The government says this weather is decimating a major grain belt, and it is leaving livestock without water. Fish farms have been ruined. Who knows the long term effects? More than 4.3M people are having trouble finding drinking water. Actually this last is a much bigger problem throughout China, which has a long term drinking water problem. The Chinese have released extra water from the Three Gorges...
  • More Bad Weather Could See Record Food Prices

    05/17/2011 3:04:25 PM PDT · by NRG1973 · 14 replies ^ | May 17, 2011 | Patrick Allen
    With drought threatening food production in the EU, US and China, analysts at Renaissance Capital believe the next 8-10 weeks will be crucial to prices in 2011 and 2012. “The food price threat for 2011-2012 is very significant, but may disappear in August. It depends entirely on the weather over May to July,” said Renaissance Capital’s Charles Robertson. “If we do not get the right mix of rain and sun in the coming 8-10 weeks, then later this year we will see record price levels for the most important cereal in the world today – corn,” he said. If this...
  • It's Getting Harder to Bring Home the Bacon (it's Bush's fault!) (Big Government® at work)

    04/29/2011 5:43:32 PM PDT · by rabscuttle385 · 24 replies
    The Wall Street Journal ^ | 2011-04-29 | Mary Kissel
    (snip) What triggered the upswing? In part: ethanol. President George W. Bush "came forward with—what do you call?—the edict that we were going to mandate 36 billion gallons of alternative fuels" by 2022, of which corn-based ethanol is "a substantial part." Companies that blend ethanol into fuel get a $5 billion annual tax credit, and there's a tariff to keep foreign producers out of the U.S. market. Now 40% of the corn crop is "directed to ethanol, which equals the amount that's going into livestock food," Mr. Pope calculates. (snip) Food price inflation isn't a problem confined to America's shores....
  • Surging food prices fuel ethanol critics

    04/17/2011 9:18:25 AM PDT · by george76 · 35 replies
    AFP ^ | Apr 10, 2011 | Rob Lever
    A surge in global food prices has prompted fresh criticism of US subsidies for ethanol, which diverts massive amounts of corn from global food supplies for energy. Senators Tom Coburn, a Republican from Oklahoma, and Ben Cardin, a Maryland Democrat, introduced a measure last month to scrap the tax credit of 45 cents per gallon for ethanol in gasoline. "The ethanol tax credit is bad economic policy, bad energy policy and bad environmental policy. The $6 billion we waste every year on corporate welfare should instead stay in taxpayers' pockets where it can be used to spur innovation, stimulate growth...
  • Ethanol pumps big problems for small engines

    02/07/2011 10:53:54 AM PST · by thackney · 99 replies
    Fuel Fix ^ | 2/7/11 | Associated Press
    ...and he filled tanks feeding the boat’s 200 horsepower Mercury engine with gas that had been blended with 10 percent ethanol. “I heard a station in Greenville had straight gas, but I just took it to the next one I could find. Within 10 minutes, my engine started failing,” Gray said. “(The ethanol) had crystallized and crumbled and had clogged my fuel line, and I had to tear out all of the fuel system.” Gray saved hundreds of dollars by repairing it himself, but his troubles with the motor are nothing new to marine shop owners, lawn mower mechanics and...
  • Newt Answers Critics Over Ethanol Comments (Still fails to address issue raised by critics)

    02/05/2011 7:55:03 PM PST · by SeekAndFind · 35 replies
    Hotair ^ | 02/05/2011 | Jazz Shaw
    Newt Gingrich got himself in a bit of hot water in some conservative circles recently with his support of Ethanol subsidies. It drew the scorn of the Wall Street Journal editorial board, who implied that the former speaker might have more than a passing financial interest in propping up King Corn. On Thursday Newt took to the “letters” pages of the WSJ to fire back. In the interest of fairness, we should allow him to make his case. Second, I am not a lobbyist for ethanol, not for anyone. My support of increased domestic energy production of all forms, including...
  • Kellogg says it will raise prices

    02/04/2011 11:30:07 PM PST · by FromLori · 27 replies
    UPI ^ | 2/4/2011 | Staff
    U.S. cereal giant Kellogg Co. said it would raise prices 3 percent in 2011, the same increase it reported for its profits in 2010. Fourth-quarter profits rose 7 percent over the third quarter and annual profits were up 3 percent, The Detroit News reported Friday. Revenues for the year dropped 1 percent to $12.4 billion. John Bryant, the company's new chief executive officer, said Kellogg would raise prices due to the rising cost of commodities. "The price increases are merely passing on a portion of those higher costs," he said.
  • Siphoning Off Corn to Fuel Our Cars

    02/01/2011 9:14:11 PM PST · by Rabin · 12 replies
    Washington Post ^ | Wednesday, April 30, 2008 | Steven Mufson
    "Two hundred years ago, this was prairie covered with six-foot-high switchgrass. Winnebago Indians lived here, and then white settlers … Now 50 wind turbines that were erected over the winter and the (VeraSun) ethanol plant, have brought new energy to a town that long lived off the ground God created with glaciers, and laid down here."
  • End the Ethanol Insanity

    Ethanol damages engines and is not a viable alternative to fossil fuels, but farmers and lobbyists don't want you to know that
  • Forced use of biofuels could hit food production, EU warned

    11/09/2010 8:09:55 AM PST · by markomalley · 12 replies
    The Guardian ^ | 11/9/2010 | John Vidal
    Plans to make European motorists use more biofuels could take an area the size of Ireland out of food production by 2020 and accelerate climate change, a study has found. The report by the independent Institute for European Environmental Policy (IEEP) is based on plans that countries have submitted to the EU detailing how they intend to meet their legal requirement to include 10% of renewable energy in all transport fuels by 2020. IEEP calculations suggest that the indirect effect of the switch will be to take between 4.1m and 6.9m hectares out of food production. In addition, say the...
  • Roll back the ethanol mandate

    10/20/2010 11:08:08 AM PDT · by Graybeard58 · 56 replies
    Waterbury Republican-American ^ | October 20, 2010 | Editorial
    Think fast: What ingredients were in the gasoline you bought last time you filled up your tank? Pure gasoline? A mix of gasoline and ethanol? What percentage of each? The one thing for sure is you probably didn't buy diesel, since you'd still be at the gasoline station, waiting for a tow truck, if you had. Chances are, the gasoline you bought was 10 percent ethanol, a fuel derived from corn. Ethanol reduces fuel economy and damages engine components. Your car would run better and more efficiently with pure gasoline, and its engine would last longer. It also would pollute...
  • EDITORIAL: Administration caves to Big Corn--EPA burns your money with ethanol

    10/18/2010 6:39:49 PM PDT · by jazusamo · 43 replies · 1+ views
    The Washington Times ^ | October 18, 2010 | Editorial
    The Obama administration wants to boost the amount of corn shoved into the gas tank of newer cars by 50 percent. The Environmental Protection Agency (EPA) made this happen on Wednesday by giving partial approval to E15, an automotive fuel blend containing 15 percent ethanol. This dirty deal will enrich the major ethanol producers represented by Growth Energy while impoverishing taxpayers and anyone else who cares about clean air. Technically, the agency only approved a waiver allowing the sale of E15 for vehicles from model year 2007 and later, but don't be fooled by this incremental approach. The EPA is...
  • Agriculture secretary wants more ethanol in gas

    03/11/2009 12:45:49 PM PDT · by AT7Saluki · 65 replies · 1,865+ views
    pMSNBC ^ | 3/9/2009 | AP via pMSNBC
    Agriculture Secretary Tom Vilsack says the government should move quickly to increase the amount of ethanol allowed in gasoline. Ethanol producers asked the Environmental Protection Agency last week to increase the amount of ethanol that refiners can blend with gasoline from a maximum of 10 percent to 15 percent, which could boost the demand for the renewable fuel additive by as much as 6 billion gallons a year. However, automobile and small engine manufacturers have said there's no certainty yet that such an increase will not harm engines and fuel lines.
  • Ethanol, A Terrible Fuel Alternative

    11/26/2008 6:37:38 AM PST · by IbJensen · 163 replies · 3,909+ views
    The Bulletin ^ | 11/26/2008 | Paul M. Weyrich
    The use of ethanol and other renewable fuels supposedly helps gasoline burn cleaner creating less pollution. It also reduces America's reliance upon foreign oil. Last Monday the Environmental Protection Agency increased the amount of renewable automobile fuels required to be sold in the United States next year from 7.8 percent to 10.2 percent of the 138.5 billion gallons of gasoline projected to be consumed. This mandate mainly directs that higher levels of ethanol be mixed with gasoline. The higher standard is required by the Energy Independence and Security Act of 2007, a law that requires the increased use of renewable...
  • Ethanol plant files for bankruptcy

    10/08/2008 8:41:04 AM PDT · by thackney · 55 replies · 1,766+ views
    The Lawrence Journal-World ^ | October 8, 2008 | Pratt
    The collapse of the ethanol boom continues as a Pratt-based ethanol producer is the latest to file bankruptcy. Gateway Ethanol LLC has filed for Chapter 11 bankruptcy protection, estimating it owes between $50 million and $100 million. The filing comes weeks after Minneapolis-based Dougherty Funding LLC sought to have Gateway placed in emergency receivership to preserve any money being returned to creditors. It moved to foreclose on the company’s plant in May, saying Gateway defaulted on a $54.3 million loan used to build the facility. In a motion field in the U.S. District Court of Kansas in September, Dougherty noted...
  • EPA denies Texas' waiver request

    08/07/2008 9:29:58 PM PDT · by smokingfrog · 25 replies · 140+ views
    Oil and Gas Journal ^ | August 7, 2008 | OGJ Editors
    HOUSTON, Aug. 7 -- The US Environmental Protection Agency has denied a request submitted by Texas Gov. Rick Perry for a 50% waiver from the federal renewable fuel standard (RFS) mandate for corn-based ethanol. The RFS, part of the Energy Independence and Security Act of 2007, requires increased national production of renewable biofuels to 36 billion gal/year by 2022 from 9 billion gal/year in 2008. Perry blamed increased demand for corn-based ethanol for contributing to escalating corn prices, which he said contributes to higher food prices and also higher costs for livestock feed (OGJ Online, July 22, 2008). EPA said...
  • Secret report: biofuel caused food crisis

    07/03/2008 5:42:56 PM PDT · by shrinkermd · 67 replies · 192+ views
    Guardian UK ^ | 4 July 2008 | Aditya Chakrabortty
    Biofuels have forced global food prices up by 75% - far more than previously estimated - according to a confidential World Bank report obtained by the Guardian. The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body. The figure emphatically contradicts the US government's claims that plant-derived fuels contribute less than 3% to food-price rises. It will add to pressure on governments in Washington and across Europe, which have turned to plant-derived fuels to reduce emissions of greenhouse gases and reduce their dependence on...
  • Reduction Of Corn Harvest By [1/2 Billion] Bushels; Corn Price To Jump To $8 Per Bushel

    06/17/2008 4:34:11 PM PDT · by Diana in Wisconsin · 20 replies · 138+ views
    All Headline News ^ | June 17, 2008 | Vittorio Hernandez
    Washington, D.C. (AHN) - The flood waters of Iowa has just started to recede, but America is already feeling the impact of the flood on corn prices which hit $8 a bushel on Monday. After preliminary reports of poor harvest for July delivery came out, corn price went up to $6 a bushel in late May and closed $7.325 a bushel on Monday at the Chicago Board of Trade. Corn contracts for later months even exceeded $8 and then lowered a bit at $8. Iowa, one of the largest corn and soybean producer in the U.S. was flooded by as...
  • UN food chief roasts 'overfed' West [Upset $Bn being "wasted" on feeding obese people in the West]

    06/04/2008 9:09:37 AM PDT · by yankeedame · 77 replies · 926+ views ^ | 3/06/2008 | staff writer
    UN food chief roasts 'overfed' West 3/06/2008 9:51:00 PM. UN food agency chief Jacques Diouf said today that billions of dollars are being wasted on feeding obese people in the West while millions starve around the world. "No one understands... how over-consumption by obese people in the world costs $20 billion each year," the head of the Food and Agriculture Organisation told an international summit on the food price crisis. On top of this, he added, there are "$100 billion in indirect costs resulting from premature deaths and associated diseases." Diouf also highlighted how an estimated $1.2 trillion was spent...
  • U.N. Issues Warning on Food Crisis (food for fuel alert)

    06/03/2008 10:40:00 AM PDT · by tobyhill · 12 replies · 163+ views
    ROME — Resolving the global food crisis could cost as much as $30 billion a year and wealthier nations are doing little to help the developing world face the problem, United Nations officials said Tuesday. At a U.N. food summit attended by dozens of world leaders, Jacques Diouf, head of the U.N. Food and Agriculture Organization, opened the meeting by sharply criticizing wealthy nations who he said were cutting back on agriculture programs for the world’s poor and ignoring deforestation — while spending billions on carbon markets, subsidies for farmers and biofuel production. “The developing countries did in fact forge...

    04/26/2008 4:19:44 PM PDT · by CWW · 44 replies · 153+ views
    Vanity Press ^ | 04-26-08 | cww
    BIOFUELS – A MAN MADE DISASTER Unless you live as a hermit, you haven’t missed the rapid escalation of food prices caused by shortages in wheat, rice, corn and other grains. In many countries the price of rice has increased 70% since last year. As of February 2008, the cost of bakery flour had tripled from $14.60 per 100 lb bag in 2007 to $48.00 dollars per bag. U.S wheat production is at a 60 year low. Global wheat production is at a 30 year low. There have been riots in Haiti and Indonesia and threatened riots in other countries...
  • Load Up the Pantry (time for Americans to start stockpiling food)

    04/24/2008 7:01:53 PM PDT · by paulat · 173 replies · 346+ views
    The Wall St. Journal - ^ | 04/24/08 | BRETT ARENDS
    I don't want to alarm anybody, but maybe it's time for Americans to start stockpiling food. No, this is not a drill. You've seen the TV footage of food riots in parts of the developing world. Yes, they're a long way away from the U.S. But most foodstuffs operate in a global market. When the cost of wheat soars in Asia, it will do the same here. Reality: Food prices are already rising here much faster than the returns you are likely to get from keeping your money in a bank or money-market fund. And there are very good reasons...
  • Global Food Riots: Made in Washington, D.C.

    04/18/2008 3:51:36 PM PDT · by PROCON · 88 replies · 183+ views
    Human ^ | April 18, 2008 | Deroy Murdock
    To paraphrase the late, great William F. Buckley, Jr., someone must stand athwart the federal ethanol program yelling, “Stop!” The emergency brake should be pulled -- NOW -- before ethanol wreaks further havoc. Poor Haitians rioted last week outside Port-au-Prince’s presidential palace, forcing Prime Minister Jacques Edouard Alexis’ April 12 ouster. Haitians are enduring food prices 40 percent higher than last summer’s. Some have resorted to eating cookies made of salt, vegetable oil, and dirt. That’s right: Dirt cookies. Developing-world denizens are taking it to the streets with growling stomachs. In Bob Marley’s words, “A hungry man is an angry...
  • The cost of green tinkering is in famine and starvation

    04/16/2008 11:07:28 AM PDT · by The_Republican · 14 replies · 170+ views
    The Guardian ^ | April 16th, 2008 | Simon Jenkins
    Farewell the age of reason, welcome the idiocracy. Only George Orwell could have invented - and named - the government's Renewable Transport Fuel Obligation (RTFO) that came into operation yesterday. It is the latest in a long line of measures intended to ease the conscience of the rich while keeping the poor miserable, in this case spectacularly so. The consequences of the RTFO have been much trumpeted on these pages. It says enough that one car tank of bio petrol needs as much grain as it takes to feed an African for a year, or that a reported one-third of...
  • Ethanol And Hunger

    04/11/2008 9:51:22 PM PDT · by La Enchiladita · 183 replies · 296+ views
    Investors Business Daily (IBD) ^ | April 11, 2008 | Staff
    Energy: The world's poor are learning what happens when government subsidizes the burning of food. It's time to end this madness and let the market decide if any biofuels make sense. For most Americans, the rising prices at the supermarket are definitely an annoyance, but hardly a threat to life and health. It's a different story in countries like Haiti, where food inflation has led to real hunger and, last week, to riots. News reports say the poorest Haitians are trying to get by on cookies made with dirt, vegetable oil and salt. Food riots also have roiled Egypt and...
  • U.S. Food Inflation Worst in 17 Years

    04/14/2008 2:50:45 PM PDT · by Sub-Driver · 87 replies · 107+ views
    U.S. Food Inflation Worst in 17 Years Associated Press NEW YORK -- Steve Tarpin can bake a graham cracker crust in his sleep, but explaining why the price for his Key lime pies went from $20 to $25 required mastering a thornier topic: global economics. He recently wrote a letter to his customers and posted it near the cash register listing the factors -- dairy prices driven higher by conglomerates buying up milk supplies, heat waves in Europe and California, demand from emerging markets and the weak dollar. The owner of Steve's Authentic Key Lime Pies in Brooklyn said he...
  • Food price crisis poses 'risk of war'

    04/13/2008 3:43:57 PM PDT · by bjs1779 · 80 replies · 186+ views ^ | April 14, 2008
    Dubai: The food price and supply situation is turning worse, and in some places is uglier than expected and could lead to domestic turmoil, including the "risk of war", a top official said. The food price situation has already claimed its first victim - the Haitian Prime Minister Jacques Edouard Alexis - who was forced to quit, and food ration lines in Bangladesh are becoming longer everyday with sporadic incidents, reflecting a near explosive situation due to hunger. "Food prices, if they go on like they are doing today... the consequences will be terrible," International Monetary Fund (IMF) managing director...
  • Breaking- Pilgrim's Pride cutting 1,100 jobs, closing facilities (Enviro Ethanol Victim)

    03/12/2008 7:18:04 AM PDT · by mnehring · 100 replies · 3,930+ views
    Pilgrim's Pride Corporation on Wednesday announced it will close a chicken processing complex and six of its 13 distribution centers in the United States. None of the impacted facilities are in Texas. Company officials said the action was in response to what they deemed a crisis facing the U.S. chicken industry from soaring feed-ingredient costs resulting from corn-based ethanol production."Our Company and industry are struggling to cope with unprecedented increases in feed-ingredient costs this year due largely to the U.S. government's ill-advised policy of providing generous federal subsidies to corn-based ethanol blenders," said Clint Rivers, president and chief executive officer....
  • Media Revelation: Ethanol is Causing Inflation (duh)

    02/29/2008 11:19:26 AM PST · by rightinthemiddle · 40 replies · 184+ views
    Business & Media Institute ^ | 2/28/2008 | Jeff Poor
    Finally, the media are connecting the dots and realizing the push for alternative energy is taking a toll on the American economy. The Labor Department reported on February 20 that the Consumer Price Index (CPI), a key inflation reading, rose 0.4 percent in January, matching December’s rise. One of the culprits behind the spike – increased food costs because corn is being used for ethanol. “Farmers are replacing wheat fields with corn to meet the demand for alternative fuel, but that means higher flour prices – and in one Pennsylvania pizza shop, more expensive pies,” NBC News correspondent Chris Jansing...
  • Bio-Foolish Behavior

    02/22/2008 5:18:58 PM PST · by Kaslin · 21 replies · 162+ views
    IBD ^ | February 22, 2008
    Environment: In 2005, America used 15% of its corn crop to replace just 2% of its gasoline. Two new studies say use of biofuels will leave the world a warmer and hungrier place.The law of unintended consequences has reared its ugly head once again, with a study published in the Feb. 7 issue of the journal Science. According to University of Minnesota ecologist and study co-author David Tilman, converting the grasslands of the U.S. to corn for ethanol releases excess CO2 emissions of 134 metric tons per hectare (equal to 2.47 acres). The reason is that plants, from grasses to...
  • Biofuel and diet sow seeds of farm crunch [Malthus was right?]

    11/26/2007 10:38:30 AM PST · by DeaconBenjamin · 32 replies · 128+ views
    Telegraph (UK) ^ | November 26, 2007 | By Ambrose Evans- Pritchard
    Malthus may have been right after all, though two centuries early and a crank. Mankind is outrunning its food supplies. Hunger - if not yet famine - is a looming danger for a long list of countries that are both poor and heavily reliant on farm imports, according to the Food Outlook of the UN Food and Agriculture Organisation (FAO). The farm crunch has been creeping up on the world for 20 years. Food output has risen at 1.3pc a year: the number of mouths at 1.35pc. What has abruptly changed is the twin revolution of biofuel politics and Asia's...
  • Buy Feed Corn: They’re about to stop making it… (grain-based biofuels alert)

    07/26/2007 8:47:56 AM PDT · by Uncledave · 124 replies · 2,127+ views
    321 Energy ^ | 7/26/2007 | F. William Engdahl
    ‘Buy Feed Corn: They’re about to stop making it…’ F. William Engdahl July 26 2007 That bowl of Kellogg’s Cornflakes on the breakfast table, or the portion of pasta or corn tortillas, cheese or meat on the table is going to rise in price over the coming months as sure as the sun rises in the East. Welcome ladies and gentlemen to the new world food price shock, conveniently timed to accompany our current world oil price shock. Curiously it’s ominously similar in many respects to the early 1970’s when prices for oil and food both exploded by several hundred...