28 Nov '12, 4pm

RFA responds to #ethanol baloney served up by chain restaurant lobbyist via @sharethis

In regard to the November 28th op-ed, “A Mandate to Raise Food Prices” by Rob Green, Executive Director of the National Council of Chain Restaurants: If he really believes that the major cause of higher food bills isn’t the drought last summer but the Renewable Fuel Standard (RFS) enacted by Congress and signed by President Bush in 2005, then he’s misinformed about both the food and biofuels industries. Mr. Green writes that following the enactment of the RFS the “cost of food commodities immediately began to rise” and that “as a result, Americans have had to deal with some of the highest food prices on ¬record.” According to the actual numbers, prices rose an average of only 2.57% per year -- right in line with the 20-year average for annual food inflation. Moreover, 2010 saw the lowest year-over-year food inflation in nearly 50 years. Meanwhile, the ethanol industry prod...

Full article: http://www.ethanolrfa.org/exchange/entry/response-to-nati...

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