Sunday, March 11, 2007

Saving the envoriment = expensive chicken

http://www.columbusdispatch.com/news-story.php?story=251975

The demand for ethanol has increased dramatically because it is increasingly mixed with gasoline to decrease the negative externalities which occur from burning fossil fuels; such as global warming. Last year twenty per cent of the ethanol plants such as corn have been used as fuel, however it is predicted that this year 25% will be used. Such a high demand for ethanol has increased the prices of corn from is $3.20 a bushel, up from $2 last year.

To grow life stock, these same ethanol plants are used, therefore as the cost of corn increases the price of feeding live stock goes up too. The high prices of corn have decreased the

meat and poultry production, because it is now much more expensive to raise cattle. There has been a 40% increase in the price of keeping and feeding chickens since last year.

Therefore the negative externalities such as global warming due to consumption of fossil fuels will decrease, however other negative externalities will increase.

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