When the Bush administration and Congress required gasoline refiners to blend in 15 billion gallons of corn-based ethanol by 2015, they made the impossibly rosy assumption that American farmers would always enjoy good weather. But as every farmer knows, years with perfect growing conditions are uncommon and getting more rare. Now that grain and energy markets are tied together, any volatility sends seismic ripples through global food prices. Read the report
Featured Press:
- Midwest Flood Ruins Crops US News and World Report | 6/19/2008
- Midwest Floods Bring New Opposition to Ethanol Environment and Energy Daily | 6/20/2008
- Flooding Could Cause Sticker Shock Reuters TV | 6/18/08
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