Thousands of people are not starving to death in Michigan. This shocking development comes despite one of the worst harvests in memory. With little produce being gathered from local orchards and fields, some feared the worst. But despite the drought, grocery stores had full shelves and reasonable prices. The miracle …
Last week, the Environmental Protection Agency (EPA) rejected a proposal from a number of governors and federal legislators to partially waive the Renewable Fuels Standard, which mandates the production of 36 billion gallons of ethanol by 2022. This year, the Energy Policy Act of 2005 requires refiners to blend nearly …
The Financial Times reports that “U.S. farmers are heading for their most profitable year on record despite the worst drought in half a century as high grain prices and payouts from a federal crop insurance program compensate for a smaller harvest.” Higher profits are great—when they come from real market …
