date:Jul 23, 2012
In response to a new economic study on the impact of corn ethanol production on food prices and commodity price volatility, a coalition of livestock and poultry groups is asking Congress to reform the federal Renewable Fuels Standard (RFS) that mandates the amount of ethanol that must be produced annually.
Thestudy, conducted by Thomas Elam, Ph.D., president of FarmEcon LLC, an agricultural and food industry consulting firm, found federal ethanol policy has increased and destabilized corn, soybe