By Dr. Thomas E. Elam, President, FarmEcon LLC
http://www.farmecon.com/Pages/default.aspx
[From an article in InsideEPA.com, sub. req'd] Senate staff are expected to launch as soon as this week a bipartisan investigation into the market impacts of EPA’s renewable fuel standard (RFS)…critics are pushing a host of legal, legislative and administrative measures to curb ethanol mandates at times when corn prices are high…
In anticipation of the launch, a coalition of livestock producers…released the first in a series of reports that show that the RFS is driving food and grain prices higher.
The study conducted by a food industry consulting firm refutes claims by the ethanol industry that the RFS has reduced the price of gasoline and foreign oil imports. The study also says corn prices continue to rise as a result of the RFS’s ethanol mandate, with the per-bushel price of corn tripling in the years since the implementation of the program…
[See also: http://bit.ly/SXuT3J]
