Ethanol is Evil
Part of continuing series. In today’s exciting episiode, $4.50 milk!
The boom in prices for corn, milk, beef and other food products is only getting louder.
While it’s old news that corn prices have nearly doubled over the last two years – think ethanol – now experts say corn could move sharply higher still, pushing prices up further for milk, beef, pork and a host of other commodities.
“If we’re just at the beginning of this, we could see underlying [consumer] prices go up another 3 to 5 percent – if things get rolling possibly up to another 10 percent,” said Darin Newsom, an analyst at agriculture consultant DTN. “I don’t want to scare people, but I certainly see a very solid increase in consumer prices.”
Mr. Grammar Man: Louder? How do prices become louder, exactly? Have grocery stores begun adopting a red and orange plaid font for certain items?
It’s the “boom” that’s getting louder…