Corn growers happy with ethanol demand

While ethanol naysayers and even analysts are expressing worry about the divergence of corn from food stock to ethanol production, corn farmers are more than happy to reap golden profit.
"This doesn't happen often," says farmer Ken McCauley to reports of shrinking stock and rising prices. The reaction is not unexpected since corn prices had been steadily dwindling over the last decade. Analysts argue that the switch to ethanol could leave the economy vulnerable if corn supplies are struck down by famine or blight. Farmers remind their city slicker brethren that more farmers will switch to growing corn as demand increases, offsetting such Armageddon scenarios.

More details can be found at the article. What do you think about the analysts predictions?

[Source: Associated Press via Belleville News Democrat]

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