For First Time, More Corn Used for Ethanol than Livestock
source: http://thegazette.com/2011/08/15/for-first-time-more-corn-to-be-used-for-ethanol-than-livest...
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- rodstradamus
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For the first time ever, more of the corn crop may go into gas tanks than into the stomachs of cattle and poultry destined for kitchen tables.
The prediction drew little response last week when it was released by the USDA in its Crop Production and Supply/Demand Report for the 2011 crop season. The USDA kept its prediction for ethanol production demand for corn at 5.05 billion, but lowered demand projections for livestock feed by 100 million bushels to 5 billion bushels.
That fuel now tops livestock as the primary user of corn struck at least one observer as noteworthy.
“That’s a first-time-ever type of change,” University of Missouri Extension economist Ron Plain said in a statement released by the university.
“For forever,” Plain said, “ feed was the largest single use of corn.”
The news comes as criticism that pro-ethanol subsidies and policies are raising food prices globally seems to be reaching a crescendo. Critics didn’t seem to latch onto the USDA’s market prediction, however.
more at link...
Don't forget poor 3rd world children who die because of this eco-fascist Ponzi scheme. I'm sure Monsanto is raking in the dough. Let's not forget, hemp and trash put through a plasma-enhanced melter can provide plenty of cheap clean fuel, lower food costs and eliminate the massive landfills and waste issues, but Al Gore and Goldman Sachs aren't invested in that, so you won't hear about it on this site.
The prediction drew little response last week when it was released by the USDA in its Crop Production and Supply/Demand Report for the 2011 crop season. The USDA kept its prediction for ethanol production demand for corn at 5.05 billion, but lowered demand projections for livestock feed by 100 million bushels to 5 billion bushels.
That fuel now tops livestock as the primary user of corn struck at least one observer as noteworthy.
“That’s a first-time-ever type of change,” University of Missouri Extension economist Ron Plain said in a statement released by the university.
“For forever,” Plain said, “ feed was the largest single use of corn.”
The news comes as criticism that pro-ethanol subsidies and policies are raising food prices globally seems to be reaching a crescendo. Critics didn’t seem to latch onto the USDA’s market prediction, however.
more at link...
Don't forget poor 3rd world children who die because of this eco-fascist Ponzi scheme. I'm sure Monsanto is raking in the dough. Let's not forget, hemp and trash put through a plasma-enhanced melter can provide plenty of cheap clean fuel, lower food costs and eliminate the massive landfills and waste issues, but Al Gore and Goldman Sachs aren't invested in that, so you won't hear about it on this site.
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