Friday, June 20, 2008

How Ethanol will Destroy the Family Farm

Ethanol is great for agriculture business. But not quite. I of course think Ethanol is one of the worst things we have going on right now. I spoke recently with an owner of a 3rd generation family farm. They have 200 acres that they lease out for others to farm (the cost of repairing their own equipment is to prohibitive). They do however have cattle, corn fed cattle that is. Because of the depletion in the corn supply, they can now no longer sell, as a small farmer, their beef at competive prices. This December, when their farm mortgage is due, they will be faced with having to sell off much of their land that has been in the family for 3 generations. Put the price of food out of reach for the poor, drive up commodity prices, put truckers and small farms out of businss. Way to go Al Gore.

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