What would happen to food prices if all ethanol subsidies = repealed?

Discussion in 'Economics' started by scriabinop23, Mar 4, 2008.

  1. 28% of 2008 production of US food crops will be turned into energy this year.

    What would happen to food prices if the govt turned around and repealed these ridiculous subsidies ?

    Would we be suddenly looking at food price deflation?
     
  2. agmccall

    agmccall

    or eliminate farm subsidies and make unused farmland productive again