Biden never disappoints. The world sits on edge of a possible famine with much of Ukraine unable to plant this year. Fertilizer is in short supply. Bright bulb Joe comes up with this. What fool burns their food supply?
The price of corn has spiked from a low of $3.08 a bushel in August 2020 to $7.69 in April 2022.
The European Union imports more than half of its corn from Ukraine and is already buying more American corn.
Fertilizer prices have skyrocketed as much as 300 percent since early 2021. Thanks in large part to the sky rocketing cost of Natural gas. Thank you Joe Biden.
But Biden talks about using more American corn as fuel for vehicles could help reduce gas prices.
Better yet, ethanol will cause more pollution.
We have been down the ethanol road before with the Obama Biden team in 2011. They were all for making food inflation skyrocket back in the day. At the time there was concern over the harm ethanol would do to older cars. Even then, Obama and team defied court orders.
EPA defies court order- increases ethanol mandate
February 1, 2013
The Environmental Protection Agency is expected to raise the maximum amount of ethanol that can be blended with gasoline for vehicles manufactured since 2007.
According to people with knowledge of the announcement, the EPA may say as soon as Wednesday that the newer vehicles are able to handle 15 percent ethanol, up from the current maximum of 10 percent for the corn-based fuel.
But the auto industry, environmentalists and a broad coalition of other groups have argued against an increase and called for more testing.
Opponents argue that the increase in production of corn and its diversion into ethanol is making animal feed more expensive, raising prices at the grocery store and tearing up the land.
Manufacturers of smaller engines – used in everything from lawn mowers to boats – also oppose increasing the use of the fuel, saying those engines are not designed for the higher concentrations.
Then there is this Lahood: ‘We are going to coerce people out of their cars – apparently after they destroy our cars or make them prohibitively expensive to drive.
A few flashbacks:
Ethanol Now Consumes More Corn Than For Animal Feed for First Time, Corn Prices Reach Record High
July 15, 2011 — bunkerville
Financial Times — “U.S. ethanol refiners are consuming more domestic corn than
livestock and poultry farmers for the first time, underscoring how a
government-supported biofuels industry has contributed to surging grain
demand.
The U.S. Department of Agriculture estimated that in the year to August 31 ethanol producers will
have consumed 5.05 billion bushels of corn, or more than 40% of last year’s
harvest. Animal feed and residual demand accounted for 5 billion bushels.”
Meanwhile, we proceed to destroy the world’s food supply: Robert Bryce writing in the Washington Examiner:
“Today, about 40 percent of all U.S. corn — that’s 15 percent of global corn production or 5 percent of all global grain — is diverted into the corn ethanol scam in order to produce the energy equivalent of about 0.6 percent of global oil needs.
And recent harsh weather, including floods in the Midwest and drought in the South, will likely mean a subpar U.S. corn harvest. That, in turn, will mean yet higher prices for corn, which will translate into higher prices for meat, milk, eggs, cheese and other commodities.
“Livestock producers, restaurants, food manufacturers and consumers at the grocery store are all being penalized by this profligate biofuel policy,” said Bill Lapp, president of Advanced Economic Solutions, an Omaha, Neb., commodity consulting firm.”
This includes the increased global demand for fertilizer outpacing production, pandemic-related and weather-related supply chain disruptions and increases in production costs, which includes soaring prices of natural gas required for making inputs.
Finally-
Let’s not forget to include what the efforts of Biden to shut down our energy output has done as well.
High natural gas prices could lead to spike in food costs through fertilizer link
Global fertilizer prices soared to multi-year highs in the past few months following surge in prices of key feedstocks natural gas and coal, and certain export restrictions put in place by supplying countries.
Around the globe, natural gas is used as a raw material as well as fuel for nitrogen fertilizer production. In some countries such as China, coal is gasified into ammonia and used for manufacturing fertilizers.
Nitrogen fertilizers are the most used fertilizers in the world. Ammonia, phosphorous and potash are the other important fertilizer components.
According to the European crop nutrient company Yara Fertilizers, in several of their transformation steps, natural gas, essentially methane, is upgraded by combination with nitrogen from the air to form nitrogen fertilizer.
“While 80% of the gas is used as feedstock for fertilizer, 20% is used for heating the process and producing electricity,” according to Yara.
Unsurprisingly, when natural gas prices rose, prices of nitrogen fertilizers also shot up. In fact, prices of nitrogen—as anhydrous ammonia, urea, or liquid nitrogen, phosphorus as diammonium phosphate, or DAP, and potassium as potash—all gained significantly over the past year.
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BUNKERVILLE | God, Guns and Guts Comrades! 