1/3 of US corn used for Ethanol?

Today I got a sticker shock at Trader Joe’s. My beloved walnuts that I use in my morning muesli are $7.50 now. I recall having bought them just a couple of years back for $3.50

75% of that price hike is directly related to biofuel. Turns out that over a third of the US corn is used for Ethanol production. Is the military using Ethanol to run their planes with? I am really wondering where all that is going.

The other thing that should be done is cut farm subsidies, with these prices the farmers should not need any more support. (Deducted from my home office chair )

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clipped from www.guardian.co.uk Biofuels have forced global food prices up by 75% – far more than previously estimated – according to a confidential World Bank report obtained by the Guardian. It argues that production of biofuels has distorted food markets in three main ways. First, it has diverted grain away from food for fuel, with over a third of US corn now used to produce ethanol and about half of vegetable oils in the EU going towards the production of biodiesel. Second, farmers have been encouraged to set land aside for biofuel production. Third, it has sparked financial speculation in grains, driving prices up higher.

This was a try out post with clipmarks, but I don’t really like the result. To intrusive and self-promoting for my taste.