The article said — “WASHINGTON (AFP) - The boom in ethanol fuels in the United States and elsewhere could have devastating effects on food prices and worsen world hunger, a new study argues.”
I wondered and speculated on the same thing in another posting about this aspect of ethanol. But, someone from a farming family or background said that the farmers had a right to get more money for their product and prices were already too depressed as it was.
Thereofore, it sounded as if this situation (of creating “devastating effects on food prices and worsen world hunger) didn’t really matter, as long as the farmers got more money (as that seemed to be the primary consideration).
Regards,
Star Traveler
Why shouldn't a farmer think about getting more money? He or she is in business.
This article does not even allow for the notion that if a market opens up for biofuels, then the supply of crops for it will INCREASE, as a market develops. Therefore as supply increases, prices will stabalise or fall, but more people overall will be making profits.