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Sunday, August 12, 2012

Tightening the corn belt

"Over the last two months, the price of corn has been climbing. On July 19th, it exceeded $8 per bushel for the first time, taking the world into a new food price terrain. With heat and drought still smothering the Corn Belt, we may well see more all-time highs in coming weeks as the extent of crop damage becomes clearer."

This is not the way it was supposed to be, according to Lester Brown, writing for Grist.
We hear about the troubles with the corn crops in America and the reasons for the food price increases across that continent. This article adds to the picture well.

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