Effects of the Biofuel Boom
Sky-high energy prices are having some far-reaching effects: As corn and other crops become increasingly important raw materials for biofuels, such as ethanol or biodiesel, the companies that make and process them are starting to act more like energy companies. And as more acreage is being planted with sugar cane, corn, and soybeans to make biofuels, other crops are being displaced, decreasing their supply and spreading the effect of high energy costs across a wide range of food products.
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