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economics

Drought-stricken American corn should feed people, not cars

“There’s a US government mandate that our unleaded fuel going into vehicles has to be approximately 13% ethanol. Regardless of supply, that currently remains the law. Which means if you are feeding hogs or steers, you’d better start stepping up to the bidding war for what remains – because the factories turning that same field corn into ethanol are not only buying it up, they are legally required to do so.”