There is a lot of talk of higher food prices, and some people are trying to blame corn ethanol. I thought it would be a good idea to share some information comparing food and fuel prices.
Americans pay about $1.10 per gallon more for gas this year than last year at this time, and $2.60 per gallon more than we paid five years ago. That means an average family is paying about $4,300 per year for gas now. Just five years ago we paid about $1,200. It wasn’t that long ago a $20 bill would fill the car. Now it takes three $20 bills.
Now let’s look at food prices. In early 2002, the average family paid $102 a week for food, including eating out, and $25 a week for gas. This summer were spending $124 a week on food, or about 23 percent more. But were paying
$83 a week for gas, an increase of 335 percent. If gas prices increased by the same amount as food, we would only be paying $1.39 a gallon today.
We need to remember that even though gas prices are high, corn ethanol is helping them from being even higher. Because ethanol increases fuel supplies, it is saving us about 60 cents a gallon at the pump, or more than $600 per family this year. And since gas prices have three times the impact on food prices as corn, ethanol helps keep food prices lower, too. A 12-ounce box of corn flakes contains less than 7 cents worth of corn, but takes 21 cents of fuel to get it delivered (the average of 1,500 miles food items travel to consumers).
Ron L. Schultz is with Pathfinder Company Farm Management, Fremont

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