What Will We Eat as the Oil Runs Out? (Pt. 2) , by Richard Heinberg
Impact of Biofuels One factor influencing food prices arises from the increasing incentives for farmers worldwide to grow biofuel crops rather than food crops. Ethanol and biodiesel can be produced from a variety of crops including maize, soy, rapeseed, sunflower, cassava, sugar cane, palm, and jatropha. As the price of oil rises, many farmers are finding that they can produce more income from their efforts by growing these crops and selling them to a biofuels plant, than by growing food crops either for their local community or for export. Already nearly 20 percent of the US maize crop is devoted …