Food & Fuel Costs Still Rising

Midwest flooding, high fertilizer costs, and fewer planted acres are driving up the price of corn. The inflated commodity price is killing the profit in ethanol (not such a bad thing) and driving up the cost of feeding a family. From chicken to beef to milk, it is all tied to the price of corn. In addition, farmers are returning to crops with lower input costs and higher returns, making corn even more expensive. Consumers will have to endure these continuous food cost increases as we watch what little corn we have be converted for fuel tanks.

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The High Cost of Feed and Food

The cost of beef is dropping while the cost of eggs, milk, and butter is sky-rocketing. Why? According to President Bush, the high cost of feeding animals is partly attributed to the high cost of using corn to manufacture ethanol. As a result, many ranchers are selling their beef early to save money on expensive animal feed. How long can we afford this? How much more will we pay to feed our families when beef is no longer abundant?

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