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White Papers
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Growth Energy
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Policy Brief: Food vs. Fuel
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For much of this year, grocery manufacturers and their allies in Washington blamed corn-based ethanol for a dramatic increase in food prices. But the dramatic drop in corn prices that followed demonstrates how flawed recent “food versus fuel” claims have been. Corn and other agricultural commodity prices have shrunk by more than half since June, yet food prices continue to rise. The implication is clear: U.S. ethanol demand,while growing, plays a marginal role in total consumer food pricing, particularly when compared with the speculative bubble driven earlier this year by investors fleeing equities markets for commodities, as well as rising global demand, fuel prices, weather events and currency trends.
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Policy Brief: Food vs. Fuel (pages: 8)
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