Ag Economists Analyze High Commodity And Food Prices In case you haven't heard, food prices are going up. Go ahead... protest, panic, point fingers. It's that evil ethanol industry that's doing this afterall, how dare they use corn to make fuel, taking away from the supply and making the grocery bill go up. Recent studies of Purdue University ag economists show that in fact the food prices are drven by a combination of factors... not only ethanol. High oil prices, the weak dollar, world production and consumption trends all add a little 'push' to the price. But that's a side of the story less often mentioned. The following is a excerpt from the press release from Purdue University about the findings: --- In a Farm Foundation commissioned report, the Purdue economists - Phil Abbott, Chris Hurt and Wally Tyner - highlight key...
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