According to USDA projections, U.S. farmers will plant 86 million acres of corn in 2008. And yet, this year's corn planting won't be quite enough to "feed the world" while also satisfying demand for ethanol, i.e., feeding our cars.
As a commodity broker recently declared, as reported by Delta Farm Press: ... we need more corn and the volatility in the corn market will continue. I think we need a minimum of 3 million more acres of corn.
Rather than foul an additional 3 million of acres of land with corn -- a land mass roughly equal to three Rhode Islands -- how about we just pull the plug on the ethanol program? Just a thought from the Grist