Reposted from Felix
A Finance Professor's blog. I am a Professor of Finance in the Poole College of Management at NC State University. My website: https://sites.google.com/ncsu.edu/warr Opinions are my own.
Thursday, August 18, 2011
Supply and Demand for Corn
And then there is corn. The Government subsidizes corn production, mandates its use in ethanol and imposes import restrictions. The amount of corn being used for ethanol now exceeds that being used for food. At the same time, ethanol production is doing nothing for the environment or oil prices. Brilliant.
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