date:Aug 10, 2012
roducers, who will likely liquidate part of their cattle and swine herds and poultry populations. At the retail level, the droughts effects will translate into narrower margins and expected higher prices for processed food and soft drink manufacturers among others.
Mr. Lapp offered his opinion that legislation that has effectively required 40% of the corn crop be used in making biofuels has made everything worse.
The situation has been aided and abetted in a negative way by the biofuels mandat