Ethanol Still a Major Source of Inflationary Pressure

February 2011
SN: Supermarket News;2/21/2011, Vol. 59 Issue 8, p10
The article offers the author's views on the agricultural forecasts for 2020 made by the U.S. Department of Agriculture (USDA). The USDA expects food prices to increase faster in the next two years than the general inflation rate. It estimates that 36 percent of total corn grown in the U.S. will be used to manufacture ethanol during the next decade. The author argues that when more corn is grown, there's less acreage allocated for crops like wheat, so prices are likely to increase.


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