Agricultural Economics Department


Date of this Version

February 2008


Published in Cornhusker Economics, 02/13/2008. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.


From January, 2006 to December, 2007 the Consumer Price Index (CPI) went up 6.5 percent. During this same period, ethanol production increased 75 percent, which helped grain prices to rise dramatically – corn price doubled, wheat went up even more, and soybeans a little less. Casual reading of the public press would suggest that there must be some connections here.