The Mexican government is likely to authorize the cultivation of genetically engineered (GE) corn in Mexico. And until now Mexican citizens, with the help of organisations like Greenpeace, have managed to prevent agribusiness giants like Monsanto, DuPont and Dow AgroSciences from gaining approval in Mexico for genetically engineered corn.
Among these ripple effects are a major spike in food prices. (For those on food stamps, even a slight increase can make a big difference and that program could face serious cuts according to the latest House Farm Bill). And what crop is most at threat due to this historic drought? Corn, but not only because of its demand as a food source and livestock feed. Forty percent of corn is used for ethanol in fuel due to the Renewable Fuel Standard which mandates a certain amount of U.S. biofuel production. That 40 percent is therefore removed from the food supply.