Tag Archives: Food and Fuel

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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BIOTECH, India

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Guardian newspaper of London published a story (“Secret report: biofuel caused food crisis”) about a “confidential,” unpublished World Bank report it had obtained purportedly demonstrating that biofuels are responsible for 75 percent of the global rise in food prices. “The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body,”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

Exactly a month ago, Roll Call newspaper revealed that the Grocery Manufacturers Association had launched a PR campaign to roll back U.S. biofuel policy. GMA is once again on the offensive, releasing an industry-funded study that blames biofuels for higher food prices, ignoring the rapid increase in the price of oil that is driving up the costs of agricultural production and increasing demand for alternatives. Kraft Foods sponsored the recent study by Keith Collins, Ph.D., Read More >

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Weather, Not Biofuels Contributes to Food Crisis

Could it be, that weather, not biofuels, are responsible for the increase in corn prices?  That is what Tim of Environmental Economics suggests.   Citing rains and floods, as being responsible for leaving 4 million acres unplanted (according to the AP),  Tim quotes the AP, “That would likely lift corn prices further, forcing consumers to pay higher grocery bills for meat and pork, as livestock producers would be forced to pass on higher animal feed costs Read More >

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