Rising Food Prices

Tweet

Much media coverage has recently been directed to the rising cost of food. Many spectulate on the causes and associated remedies for this problem, while others lay blame for the current situation. American farmers are among those who are on the receiving end of this wrath. Pressure on state and federal legislators to adresss the situation has prompted them to target subsidies and incentives that are paid to farmers and ethanol producers. Many would have us believe that the current increase in food prices is a result of increased market prices for corn caused by the redirection of grain to the production of ethanol. I do not believe this is a major factor in increased food prices, nor do I belive that stopping incentives for the production of ethanol is the answer. What do you consider to be some of the causes of the current rise in food prices, and what would you propose as the resolution?