RFA: Food groups' anti-ethanol rhetoric falls short on facts

12/3/2012 | EthanolRFA.org/The E-Xchange blog

Allegations by food-industry groups that the Renewable Fuel Standard and ethanol production are driving up food prices are not supported by data and food-price trends, writes Geoff Cooper, vice president of research and analysis at the Renewable Fuels Association. Data confirm that food prices are not rising abnormally and "the average American household spends less of its income on food today than 10 years ago (i.e., before the 'ethanol era')," Cooper notes. "Food prices have increased just 1.7% over the past 12 months (October 2011 to October 2012)," which is lower than the overall inflation rate of 2.2% over the past year, Cooper explains.

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