Lack of access to fresh water is probably going to be one of the largest challenges of the 21st century. I don't think this is something to dismiss lightly.
And in other parts of the world, ground water depletion is a looming blight that will destroy the local economy in a decade or so. Water use can be bad.
For those interested in the subject: Ernst Weizsäcker, former Dean of the Donald Bren School for Environmental Science and Management at the University of California, has some interesting articles on resource productivity on his website: http://ernst.weizsaecker.de/
Corn was never a good source for ethanol, this makes it look even worse.