So why don't the poor countries grow their own food?
I guess it's because they have bad economic policies that prevent them from growing enough food for themselves. Our bad economic policies (ethanol) still allows us to grow enough food for us, just not for everyone else.
I wish we'd stop the ethanol thing so food in the grocery would be cheaper for me. But these other countries: go grow your own food. And reform your economies, put in property rights, so that people in your countries want to grow food. Don't blame us.
Our own price increases are the problem for us too.
And we do need to change this policy.
Once that happens, they have to restart their Ag. programs to contend with the new prices.
Ie. Haiti. The IMF forced them to drop their tariffs on Rice, then they import our subsidized rice. Now it has gone up in price. They cant afford it. And they have no rice producing fields.
Perhaps if the U.S. government stopped paying farmers NOT to produce, they’d be plenty of food and the prices would be lower.
I wish the government would remove the tax subsidies for bio-fuels and would end mandates for their use.
The government needs to quit trying to force the use of bio-fuels, or try and artificially make them economically viable.
“I wish we’d stop the ethanol thing so food in the grocery would be cheaper for me. But these other countries: go grow your own food. And reform your economies, put in property rights, so that people in your countries want to grow food. Don’t blame us.”
I am personally opposed to any kind of assistance to these kind of places. I have become immune to pictures of babies with bloated bellies because all government and private do-gooders have accomplished nothing. Fattening the leaders bank accounts does not count. I’ll use my resources to keep my own family fed. Heartless? You bet!
At $6.00 per bushel, give or take $.13 of the price of each 1 lb. box of corn flakes is attributable the price of corn.