Lock, Stalk, and Barrel
Ethanol or high-fructose corn syrup, ADM can’t lose
Agribiz giant Archer Daniels Midland is making a killing on high-fructose corn syrup, despite rising concern about its health effects. How? Believe it or not, it’s connected to Brazil’s successful sugarcane ethanol production. Tom Philpott traces the long, sordid string of tariffs and insider deals that allows Big Corn to rig the game in its favor.