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Posted Wed Jul 23 2008: from University of Illinois:
Study predicts crop-production costs will jump dramatically in 2009 http://apocadocs.com/s.pl?1216833869
Costs to get crops in the ground will jump by about a third in 2009, fueled by fertilizer prices expected to surge 82 percent for corn and 117 percent for soybeans, said Gary Schnitkey, an agricultural economist who conducts the annual survey of input costs.... "Roughly 80 percent of the cost of producing nitrogen fertilizer is natural gas, so as natural gas costs have gone up so have the costs of those inputs," he said. "Phosphorus and potassium are mined, and as energy costs increase, mining costs increase."
[Read more stories about: food crisis]

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But won't grain-based ethanol solve this problem?

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