« Administration Allies Strike Against Ethanol Critics | Home | Ethanol Operator Fittipaldi To Drive E85 Indy Pace Car »
Economist Estimates How Much Ethanol Affects Food Prices
By Mr Ethanol | May 21, 2008
NTV:
A Nebraska agricultural economist estimates that ethanol production is responsible for about 40% of the recent increase in grain prices but very little of the increase in U.S. food prices.
University of Nebraska-Lincoln economist Richard Perrin says ethanol accounts for about 1.2% of the increase in U.S. food prices because most of the increases in corn prices are not passed on to consumers.
However, Perrin says ethanol has likely had a bigger impact on food costs in poorer parts of the world because grains account for a larger portion of people’s diets there.
Perrin says ethanol could account for as much as 15% of the increase in food prices in poor nations.
On the Net:
UNL Institute of Agriculture and Natural Resources: http://ianrhome.unl.edu/Home.
Related Posts
- Supporting Agriculture’s Investments And Opportunities
- Ethanol Isn’t Only Reason For Food Price Spikes
- Bio-Insanity: Ethanol Subsidies Will Make Food Costs From Flooding Worse
- Group Says Ethanol Had Small Effect On Food Prices
- How Much Does Ethanol Cost Us
- Just Like Cholesterol There Is The Bad Ethanol And The Good Ethanol
- New Study Says Ethanol Industry Doesn’t Need Federal Support
- The High Cost Of Ethanol Subsidies
- Corn Ethanol Not Culprit For Food Inflation
- Thanksgiving Travel, Turkey More Expensive This Year
New Way Of Making Easy Money Online