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LinkedInCorn should be for food, not fuel, two experts say
In an op-ed published in the New York Times, Colin Carter, a professor in the Department of Agricultural and Resource Economics at UC Davis, and Henry Miller, a physician and a fellow in scientific philosophy and public policy at the Hoover Institution, said the U.S. Environmental Protection Agency could divert vast amounts of corn from inefficient ethanol production back into the food chain.
"The price of corn is a critical variable in the world food equation, and food markets are on edge because American corn supplies are plummeting," they wrote. "The combination of the drought and American ethanol policy will lead in many parts of the world to widespread inflation, more hunger, less food security, slower economic growth and political instability, especially in poor countries."
Carter also spoke about the issue on the Capital Public Radio program Insight. He said the rising corn prices will likely have the biggest impact in California on feed lot operators who feed corn and soybean meal to cattle. Dairies will also be hit very hard.
