Corn, Ethanol and Food Costs

April 20, 2010 - 2:47pm

Corn, Ethanol and Food Costs

  • USDA reports that raw food inputs such as corn make up only 19% of each food dollar.
     
  • Even at $4 per bushel, corn costs 7 cents per pound, meaning it represents a fraction of food costs.
     
  • Since 2007, while ethanol demand has been increasing, the farm price for corn has been declining.
     
  • After corn is processed into ethanol, all of the protein and nutrients are still used in the food supply.

Corn Truth Card 3