US Secretary of Agriculture Ed Schafer: “Things have become apparent that while ethanol production … is a factor in increased (food) prices, it’s not the driving factor. Energy, and increased consumption globally, are the issues here that are pushing the show…I think we’re on the right direction, and we’ll stay there.”
Terry Detrick, chairman of Oklahoma Sustainable Energy LLC: “If the grocery business can plant in our minds that the culprit driving rising food prices is ethanol, then instead of increasing the price of bread by 4 cents, they can increase it 30 cents a loaf.”
Entry Information
Related Stories
Today in Biofuels Opinion: US Energy Secretary says ethanol contributes to rising corn prices, “we must also pursue diversity in our biofuels”The president of the American Farm Bureau Federation writes in the Hartford Courant: "The popular misconception that increased usage of corn for ethanol production is the only factor driving higher fo...
Today in Biofuels Opinion: “U.S. will pay $800 billion for its oil supply…up a factor of 10 from 1999″From the Chicago Tribune: “This year, with OPEC-rigged oil prices exceeding $100 a barrel, the U.S. will pay $800 billion for its oil supply, and the world as a whole will pay $3.2 trillion. The...
Today in Biofuels Opinion: “The Renewable Fuel Standard (RFS) is a significant factor in the increased cost of commodities”Rep. Bob Goodlatte of Virginia, supporting an RFS waiver: "The Renewable Fuel Standard (RFS) is a significant factor in the increased cost of commodities, which is causing severe economic harm for low...
Today in Biofuels Opinion: “Lavishing federal subsidies on a food-based fuel…is insane and morally bankrupt.”An editorial in the Salt Lake City Tribune: "Lavishing federal subsidies on a food-based fuel that accounts for 20 percent of the rise in world food prices, harms the environment, and takes nearly as ...
Texas A&M study concludes ethanol production drop will not lower corn prices; says oil, speculation driving pricesResearchers from Texas A&M University have concluded that eliminating the Renewable Fuel Standard "does not result in significantly lower corn prices," and that "The underlying force driving changes i...
Food Price Facts from Foodpricetruth.orgA new website, foodpricetruth.org, offers the following interesting factoids regarding corn and food prices.
Did you know:
The biggest reason food costs more today is fuel prices. USDA Secretar...
