Wheat production is down in the world’s breadbaskets, like the United States, as farmland shifts away from wheat to ethanol production. Ethanol production has increased because of government ethanol mandates and costly ethanol subsidies. In Egypt, a major wheat importer, the fall in worldwide wheat production has triggered bread shortages and unrest as poor people find it difficult to get enough to eat. The unrest is strengthening support for Islamic extremists opposed to Egypt’s relatively pro-American government.












Around where I live (for the past 18 years or so), there has bee a pretty rapid (it seems to me) conversion of land from corn, soybeans, and feeder cattle to houses, stores and hospitals.
The market in used houses appears to have died.
Has anybody measured the rate of conversion in light of the “biofuels” thing?