Thank you ethanol!
This is exactly what we need, for the price of a staple foodstuff to triple over five years, going from $2 per bushel in 2002 to $4 in 2006 to $6 today. Wonder why meats, cheese, eggs, and milk have gone up in price? It’s because corn is the main ingredient in feed for farm animals.
See here for more graphs.
Trackposted to Outside the Beltway, 123beta, Adam’s Blog, Maggie’s Notebook, Right Truth, Cao’s Blog, Leaning Straight Up, D equals S, McCain Blogs, Pirate’s Cove, The Pink Flamingo, Wolf Pangloss, Dumb Ox Daily News, A Newt One- Don’t miss this show!, Rant it Up, Tilting At Windmill Farms, and Right Voices, thanks to Linkfest Haven Deluxe.