Tagged: corn

NationalJournal.com – Ag Committee Supports Cuts to Food Assistance, Not Farm Subsidies

Of course I’m not surprised:

The House Agriculture Committee endorsed a letter this week to Budget Chairman Paul Ryan arguing that the Supplemental Nutrition Assistance Program, which helps low-income Americans purchase food, would make a better target for cuts than automatic subsidies to farms.

I have a better idea. Let’s quit the ethanol nonsense, and revert back to using corn for food and feed. Then perhaps the price of corn will go down, resulting in lower food costs. You still want to cut SNAP? Then stick to growing corn for food and feed and work towards reducing the cost of food overall.

Farm subsides have been given out since the Great Depression. Due to our current economic situation, it’s time to reevaluate the program.

NationalJournal.com – Ag Committee Supports Cuts to Food Assistance, Not Farm Subsidies – Monday, March 21, 2011.

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A New Name for High-Fructose Corn Syrup – NYTimes.com

World Bank Report Confirms: Biofuels Behind Food Price Hikes

Corn Industry Says Don’t Blame Us, Again

Here we go again. The corn industry, this time under the guise of the New Fuels Alliance and FoodPriceTruth.org, are saying that higher food prices, in particular, chicken, are NOT a result of more corn going to corn based biofuels instead of chicken feed.

Yeah, right. Same old story.

Food Crisis, Riots, Social Unrest

As I said back in March, riots over food prices have begun. In fact, this month in Haiti, the prime minister was ousted over food-related rioting and death.

A recent NYTimes Editorial describes the current situation. Although the rise in food prices are partly a result of “uncontrollable forces — including rising energy costs and the growth of the middle class in China and India”, rich nations are making the problem worse by increasing biofuel production:

The International Monetary Fund estimates that corn ethanol production in the United States accounted for at least half the rise in world corn demand in each of the past three years. This elevated corn prices. Feed prices rose. So did prices of other crops — mainly soybeans — as farmers switched their fields to corn, according to the Agriculture Department.

Rice is a staple for half the world. Rice prices have almost doubled this year, mostly due to countries like India and Vietnam banning the export of certain types of rice. India has tried to control domestic costs by raising the export prices of non-basmati rice. In Thailand, there are reports that about 200,000 tons of rice (worth over $100 million) have gone missing from national warehouses. Since January, thousands of troops have been deployed in Pakistan to guard trucks carrying wheat and flour.

In a world where there are millions of people who are wealthy, smart, and creative, we shouldn’t be rioting over food.

Food costs will continue to go up in 2008

Pending global food crisis – Due to corn and Ethanol