There Is More to Higher Food Prices Than Corn Ethanol
Washington--A letter to the editor of the Wall Street Journal submitted by American Farm Bureau Federation President Bob Stallman appears on page A16 of today’s print edition. In the letter, (“There Is More to Higher Food Prices Than Corn Ethanol”), Stallman points out that when it comes to higher food prices, analysis frequently oversimplifies the contribution made by renewable fuels.
Stallman also notes that since November 2008, the U.S. has seen oil prices rise 61 percent and retail gasoline prices increase by 82 percent. “Increasing energy costs are certainly part of the story,” he adds. He goes on to write that regulations also boost the cost of producing food and can lead to unintended consequences.
“Our food system is multifaceted. Assigning blame to one ingredient in this complex recipe is a disservice to American’s farmers and disingenuous to America’s consumers,” Stallman concludes.