Unintended Consequences -- the price of Honey
I was at our Honey vendor today to get some more jars to sell at the local farmers market (Gerry's honey is the only thing we sell that we do not personally produce).
He was saying that the price of Honey was going up in October and that it wasn't just him, everybody is doing it.
The reason? Government subsidized Ethanol production.
Since the government is giving so much money to farmers for Ethanol production such that the price of corn is elevated, food manufacturers are turning to alternative sources of sweeteners, Honey being the primary choice. Price of Honey goes up.
And for the people who think that Ethanol is an alternative to Gasoline -- it takes almost a gallon of petroleum fuel to deliver one gallon of Ethanol. The
only "
economic advantage" comes from the Government Subsidies and this money is coming from the taxpayers -- us -- so we are paying more for an inefficient fuel, it's just coming out of a different bank account so it doesn't hurt as much at the pump.
Posted by DaveH at September 1, 2006 2:23 PM
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