Ethanol may fuel inflation too

There are many predictions, often using data we are not yet able to collect, but it seems that costs are rising and that there will be substantial losses in North American animal agriculture in order to adjust to higher grain costs.

Preliminary figures for 2006 indicate the US ethanol industry used 1. 7 billion bushels of corn, or about ten percent of total production, and by 2010 that figure could double. Corn prices are rising. Now $4. 20 a bushel in the US up from $2. 19 in September