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Ethanol Industry & Food Prices after Coming End to Volumetric Ethanol Excise Tax Credit

December 17, 2011 By Zachary Shahan 4 Comments

Andrew Meggison of sister site Gas2 takes a closer look at speculations and stances following the coming end to the Volumetric Ethanol Excise Tax Credit (VEETC) in this repost below. I’ll just note that aside from ethanol production, extreme weather (likely worsened by global warming) has also had a noticeable effect on food prices in recent years. For sure, the record wet/dry extremes in the U.S. last year added a chunk to the the price increases mentioned on the bottom of this post.

Food Vs. Fuel And The End Of the Volumetric Ethanol Excise Tax Credit (via Gas 2.0)

About Zachary Shahan

If you couldn't guess, I spend most of my time on CleanTechnica and Planetsave. I'm the director/editor of both sites and am a little obsessed with them and the topics they cover. I'm also Publishing Services Manager at Important Media, which means that I do everything I can to support other Important Media writers, editors, and directors (as well as the network as a whole) in the good work they are engaged in. You can also find my work on Scientific American, Reuters, Change.org, most of the sites in the Important Media network, & many other places. For more, or to connect, go to: zacharyshahan.com

Anonymous

That corn that is raised for fuel can’t be used for food (unless you count High Fructose Corn Syrup) as food.

http://cleantechnica.com/ Zachary Shahan

Good point. Is there any evidence it is using land that would be used for food, though? (Honestly asking, as I don’t know enough about this topic to have an opinion on it.)