Food Prices Increasing

The BBC, as well as other sources, is reporting that food prices have increased by about 10% around the world in the month of July alone.  This is huge! A breakdown of some price increases:  "From June to July this year, corn and wheat prices each rose by 25% while soybean prices increased by 17%, the World Bank said. Only rice prices decreased - by 4%."

A variety of causes are to blame, but pretty much all of them are largely due to environmental factors.  While droughts and other weather conditions are mostly to blame, the huge increase in the price of corn is due in no small way to the  40% of US corn that is destroyed manufacturing corn ethanol. 40%!!  That's outrageous!!