IT RAISES CORN PRICES by reducing the amount of land Feed Corn is grown on.
I guess you missed the part where digested ethanol mash is then fed to cattle. Feed corn/ethanol mash...same thing.
Beef prices were effected by the recent drought, as cattle are being kept off the market to rebuild the herds.
Now, explain the outrageous prices on potato chips.
I guess you missed the part that processing corn into ethanol and ethanol mash is actually more expensive in the first place. Again, it takes more energy to produce ethanol, than the energy ethanol returns. I don't care that one of the end products, ethanol mash is then fed to cattle. It still has to be processed and there's an expense component to that, which you're missing.
Beef prices were effected by the recent drought, as cattle are being kept off the market to rebuild the herds.
I wish I could go back and find that post on this thread to credit the original poster. He was of course, absolutely correct. I'm not debating his point however.
Now, explain the outrageous prices on potato chips.
Sorry, I don't eat them and wouldn't know the first thing about potato chip prices. I try to stay away from heavily processed food. Perhaps it has something to do with the Irish potato famine of 1845 - 1852?