Food Prices Rising Due to Ethanol Boom

Reddit

Did you see food prices are rising because of the ethanol boom? Tyson, the world’s protein producer, “warned that boosting US ethanol production will create higher global food prices.” Something can’t come from nothing. If we use more corn to power our cars, it means less cord to feed to the cows that we eat at lunch who power us on the spin bike at the gym in the evening.

This is either a good argument for buying grain stocks or looking to other sources of protein that don’t involve animals, or both! It’s not that animal protein is categorically bad for you. It’s just that it’s an energy-intensive way to get calories, once you include all the water, grain, and fertilizer that goes into the cow on your plate. Our suggestion: eat more nuts.

Dan Denning
Dan Denning examines the geopolitical and economic events that can affect your investments domestically. He raises the questions you need to answer, in order to survive financially in these turbulent times.
Reddit

Leave a Reply

Letters will be edited for clarity, punctuation, spelling and length. Abusive or off-topic comments will not be posted. We will not post all comments.
If you would prefer to email the editor, you can do so by sending an email to letters@dailyreckoning.com.au