Tag Archives: Food and Fuel

A Tale of Two Studies

Don Mitchell of the World Bank’s Development Prospects Group has released an official version of his analysis of biofuels’ impact on the rise in global food prices. An early version of the study was leaked to the Guardian in London on July 4. Mitchell attributes 70 to 75 percent of the increase in food commodities prices to “biofuels and the related consequences of low grain stocks, large land use shifts, speculative activity and export bans.” Read More >

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Pile it On

This summer the Illinois Corn Marketing Board and Illinois Corn Growers decided to focus on getting positive messages regarding corn to young consumers utilizing the internet. Megan Ott and Danny Harms have produced a series of tongue-in-cheek YouTube videos. In this video, Danny and Megan take a look at one myth surrounding the corn based ethanol debate. Check it out… [youtube=http://youtube.com/watch?v=ORpM3PEJ1QU]

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Purdue University Weighs In on What’s Driving Food Prices

The Farm Foundation recently released a report prepared by Purdue University agricultural economists on the forces driving food price increases. They conclude that higher food prices are the result of the complex interaction of global changes in supply and demand for commodities, the depreciation of the U.S. dollar, as well as growth in production of biofuels. According to the authors, these factors have combined to rapidly raise demand for U.S. grains beyond current production, leading Read More >

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I was poking around on YouTube today, looking for stuff about biotechnology. It’s kinda like going through someone’s attic. Anyway I found some neat stuff. BIOTECH, in India is doing some neat things with biotechnology to help the environment. This then reminded me of our Pacific Rim meeting, where we will have companies from India participating. Anyway, check out the video. [youtube=http://www.youtube.com/watch?v=LrtINiLgNKY]

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Not a Secret After All

On Friday July 4, The Guardian newspaper of London published a story (“Secret report: biofuel caused food crisis”) about a “confidential,” unpublished World Bank report it had obtained purportedly demonstrating that biofuels are responsible for 75 percent of the global rise in food prices. “The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body,” according to The Guardian. In Read More >

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