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To: rem_mitchell
No mention of the drought that is hitting 26 states.

There was an "honorable mention" by Paul Conway, COB of Cargill, who also strongly opposes mandates for biofuels, but points to other contributary factors for high food prices.

He said that these and other factors, including demographics, worldwide rise in the standards of living and the 20% reduction in agricultural investment, all have contributed to higher food prices.

He also noted that most of these crops, particularly in the U.S., are later converted into sweeteners (read corn syrup) and animal feed which then raises the prices of meat and other products.

58 posted on 07/18/2012 6:37:47 PM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: CutePuppy

Thanks. I was sloppy in my reading.


59 posted on 07/18/2012 6:52:12 PM PDT by rem_mitchell
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