After the RFS required that ethanol be blended with gasoline, the cost of corn to the consumer and livestock grower increased as farmers chose to plant for ethanol instead of food.… Economists credit roughly a third of the increase in corn prices since 2005 to the ethanol ‘boom,’ chiefly responsible for U.S. food prices rising 28 percent faster than inflation, representing a loss to U.S. consumers of $40 billion.” The time has come for Congress to #RepealRFS bit.ly/120AARN
Posted on: Tue, 02 Jul 2013 23:03:40 +0000
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