The President and CEO of Bunge North America is Carl Hausmann. He was part of a panel today at the World Agricultural Forum that addressed the needs of food, fuel, fiber and water.

I interviewed Carl after the session and asked what he thought one of the main concerns was that people expressed here. He says that when it comes to biofuels the subject needs to be more than a national issue, that it’s a global issue. He says that when countries individually deal with it through things like subsidies that it tends to distort world trade. He would like to think that this forum will not only be an exchange of ideas among the participants but that they will leave and effect the political debate in their countries. He believes biofuels will be with us well into the future. He also says that the rapid increase in the price of corn has been a shocker to many but that the commodity has been undervalued for years and that the world will become used to $3.50 to $4 corn.

You can listen to my interview with Carl here: world-ag-forum-07-hausmann.mp3