Study: U.S. Near Corn-Based Ethanol Tipping Point

May 18, 2007

Iowa State University researchers are the latest to come forward warning about the dangers of existing and forecasted levels of corn-based ethanol production in the U.S.

The Center for Agricultural and Rural Development at ISU has published a new paper that finds that U.S. retail food prices already have increased $14 billion annually. They could climb $20 billion annually if crude oil prices reach $65 to $70 per barrel and U.S. corn prices reach $4.42 per bushel, compared to $2 per bushel in mid-August 2006, the study said.

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