Tuesday, April 29, 2008

"the major trigger for this year's predicament was the Congressional decision to mandate ethanol production"

American Thinker: The Food Crisis
Above all, we must be aware that the situation represents no apocalypse. Farmers across the country are madly planting corn (despite warnings to diversify from the Department of Agriculture) which will bring prices down with a thump next year. But the Second Horseman's swift trot across the horizon has revealed some serious failings in international agriculture. Most of these failings are products of political meddling. Cease meddling, and many problems will solve themselves. Today, much of the developed world has learned that industry cannot be effectively manipulated through policy. We sometimes forget that farming is an industry like any other. That recognition is long overdue.

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