Prices Leap for Corn and Crude Oil

Keith Good, FarmPolicy.com, writes: "The New York Times editorial board stated in today’s paper that, 'Over the past year, the prices of grains and vegetable oils have nearly doubled. Rice has jumped by about half. The causes include soaring energy costs, drought in big agricultural producers, like Australia, and rising demand by a burgeoning middle class in China and India. But misguided mandates and subsidies in the United States and Europe to produce energy from crops are also playing an important role.'"

http://www.truthout.org/article/prices-leap-corn-and-crude-oil



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