Combating the rising cost of food

This is an article about the G-8 summit in Japan finding a way to combat the rising cost of food.

http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20080601&id=8711108

The competion for resources has caused the less desirable choice for producers to increase in price. Since producers (farmers) can get a better price for thier product (grain) by selling it to fuel producers instead of public consumers they sell more of it to fuel producers. This scarcity causes food prices for consumers to increase.

The G-8 summit would like to find some way to make it more desirable to sell corn to consumers and cause a drop in food prices. It could possibly be through mandating where their supplies go to or giving tax breaks or subsidies. Whatever the G-8 summit decides on their actions could have a huge impact on the global economy.