Techdirt points out that the farm subsidy program masquerading as a energy initiative, aka ethanol from corn, is going to hit the prices of many other products, causing ‘agflation’, a term I’m pretty happy to write about.
The ridiculous rise in corn prices because of ethanol subsidies is going to significantly affect the costs of many food products and produce as farmers shift over to corn. This is doubly loony because ethanol costs more than gas to manufacture, is not stable enough to deliver long distances and actually uses petro products in its manufacture.