Ethanol Boom Sparking Grain Theft in Kansas

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Earlier we reported on the widespread food unrest that's spreading across the world from the US biofuel boom -- striking mainly poorer nations. (Corn Ethanol Boom, Hunger Worldwide)

But the Midwest is facing its own breed of biofuels backlash and food insecurity. The high cost of corn and other staple grains has lead to a rash of thefts from grain elevators in Western Kansas. Here's Adrian Derousseau, head of the Ottawa Coop grain elevator, speaking with KMBC-TV in Kansas City on the Kansas grain burglars:

A thief could fill up a semi-trailer with 1,000 bushels of corn in about five minutes. That load would be worth $5,000.

The owners of grain elevators are the ones whose profits are swept away. "When you start losing a $12,000 load of soybeans, it takes a lot of bushels to make up for that," Derousseau said. "It all comes out of our bottom line. It hurts us."

KMBC-TV has the full story:

 

(Hat tip: Climateer Investing)

 

 

 


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