Thursday, July 26, 2012

US now importing corn

From Investor's Business Daily (h/t Instapundit):
For the first time, U.S. agricultural companies are importing corn from Brazil — the equivalent of Saudi Arabia importing oil, as the Financial Times noted.
Why is the US experiencing an unprecedented shortage of food? The left may  want to blame it on a drought but the problem is actually man-made (or, should I write, "Mann-made"):
The problem here is the man-made element that is exacerbating the U.S. drought. There should be plenty of corn from U.S. reserves after recent record harvests for exports — 61 million metric tons in 2008 — were it not for the 2007 law that forces U.S. corn producers to turn ever greater percentages of U.S. corn into ethanol.

"As biofuel production develops and expands, it will continue to put pressure on U.S. corn and other feed grain production, exports, livestock feeding, and other domestic uses," the Agriculture Department says.

Today, 40% of our corn is consumed by ethanol making — the filling of gas tanks instead of stomachs. And another 20% is being destroyed by drought this year. [Emph. added]
In a world in which an estimated “billion people suffer from chronic hunger,” and with global warming theories in ever greater disrepute, this policy is ever more reprehensible.

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