Adding more corn-based ethanol into gasoline will create a higher demand for corn, which will raise the price of corn. In short, it’s a recipe for disaster, according to three recent studies. A study by Advanced Economics Solutions concluded that corn prices “will be much higher and more volatile” if corn-based ethanol production increases. If corn acreage “does not grow significantly” more than half of the corn crop in the U.S. “will be diverted from food and feed to fuel if corn ethanol production grows to 22.1 billion gallons.”... read more from triplepundit
Adding more corn-based ethanol into gasoline will create a higher demand for corn, which will raise the price of corn. In short, it’s a recipe for disaster, according to three recent studies. A study by Advanced Economics Solutions concluded that corn prices “will be much higher and more volatile” if corn-based ethanol production increases. If corn acreage “does not grow significantly” more than half of the corn crop in the U.S. “will be diverted from food and feed to fuel if corn ethanol production grows to 22.1 billion gallons.”... read more from triplepundit