by Susanne Posel
Using computers models, that have a high rate of fallibility, a study has been published from Purdue and Stanford that purveys the unscientific fear-mongering of man-made climate change. And based on this supposed data and a federal mandate, we may see a rise in corn prices. This would mean a rise in food prices.
Nature Climate Change journal published the study. It purports that because of recent extreme weather, attributed to man-made climate change without actual correlation, when added to the federal directive for biofuel production between 2020 – 2040 “there could be quite a substantial increase in yield volatility, and that’s due to the increased frequency and intensity of the high temperatures throughout the Corn Belt.”
Thomas Hertel, professor of agriculture for Purdue, stated that “closer integration of the corn and energy markets through the ethanol industry could aid in buffering these shocks, but this would not occur in the presence of a mandate.”
The US government requires ethanol to be added to gasoline. Ethanol consumes 39% of the corn crop in America. A large portion is added to the food system as by-products fed to livestock.
The entire study is based on the projections of computer models that are not reflective of the reality happening in real time, but a supposition of a possible future. Purdue used their own Global Trade Analysis Project model which does not take into account the volatile corn production yields and the inability to accurately predict the global climate change as proven by previous computer models that were used to scare the world’s populations into thinking that the planet was going to heat up.
As was acknowledged by former climate change alarmist, James Lovelock , the planet should have burned to a crisp by now. And obviously this is not so.
From the computer model’s prediction, Stanford and Purdue are effecting futures of the corn prices which will in turn become a self-serving prophecy as food prices will rise; which will then by blamed on climate change. However, the actual origination for those higher food prices will have been studies like this that does not use actual science to create accurate predictions.
The study claims that even if temperatures remain as other climate change computer models predict, global warming is likely to increase heat waves enough to cause much higher frequency of low-yield years, leading to greater volatility of corn prices,” say co-author of the Stanford study, Professor Noah Diffenbaugh.
In effect are the US government’s desire to take corn for ethanol over its use for food for human and livestock consumption. The preference for corn as bio-fuel indicates a clear agenda that benefits the oil industry at an enormous cost to the American public.
As corn prices rise, livestock producers will have to pay more to feed their cattle and consumers will be forced to provide the monetary difference at the grocery store.
When we analyze who will benefit from the rise in corn prices, we see that the oil corporations are a huge beneficiary because of the US government’s mandate that 39% of the corn yields be turned into ethanol to be added to gasoline.
Another beneficiary would be the Chicago Mercantile Exchange (CME) because they have an estimated 2 -3 trillion dollars in trade for food producer’s futures. With the bankruptcy of MF Global, and the loss of monies that were traded by the brokerage through the CME, buying trends would be at a loss.
This study would actually boost their profit margins because futures are based on supposition; like this study is. Those suppositions are then used to buy and sell futures. And this study would generate considerable revenue for traders and the CME.
This study was funded by the US Department of Energy’s Office of Science. This agency also funds the authors of the study through various other monetary contributions.
Considering this fact, the entire study appears to be a fear-based propaganda stunt that is being purveyed as actual science to drive up food prices through indirectly affecting food production by threatening corn yields over the next 20 to 30 years.