Emphasis mine... Cars and cattle... Burgers and Buicks... I am sooooo rich I can feed my car better than ...
Beef and dairy farmers in Midwestern states that produce most of the nation's ethanol are able to feed their cattle with less expensive grains leftover from distilling that fuel. But ranchers in Texas and Oklahoma, which do not have large corn crops or produce as much ethanol, will be harder hit by high corn prices, Moseman said. In addition, hogs and poultry cannot digest the leftover grains from ethanol production, so those farmers will feel the pinch of higher corn prices, Moseman explained.
Along with making livestock feed more expensive, acres that have been dedicated to other crops or set aside for conservation now are being planted with corn, creating the biggest shift in planting patterns in the past century, said Ludwig of the Hale Group.
An annual federal report detailing farmers’ planting plans estimates that corn acres will increase 15 percent over last year. Crops that likely will be supplanted by corn include rice and cotton with which U.S. farmers are not competitive with growers in other countries, said Ludwig.
Farmers also could be induced to set aside less land for conservation or quit rotating crops on their land, sapping nutrients from the soil or causing more erosion, the U.S. Department of Agriculture warns.
Bonus Link: Pew Research: Ethanol Demand Outgrows Corn