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PRESIDENT CLINTON: TOO MUCH CORN BEING USED FOR ETHANOL
Feb. 25, 2011
BrownfieldAgNews reports:
Former President Bill Clinton told attendees at the USDA Outlook Conference on Thursday that while he supports the production of ethanol to reduce our dependence on foreign oil, he cautioned not to use too much corn.
Clinton says the use does affect corn prices and too much use could drive food prices higher and high food prices are already contributing to social unrest and riots around the world.
Renewable fuels advocates contend high oil prices are the biggest driver behind high food prices and cutting back on ethanol production will push oil demand and prices even higher.
The Renewable Fuels Association (RFA) notes U.S. farmers are producing more grain and livestock feed for export than previous generations. RFA says they do welcome Mr. Clinton's support for the continued advancement of a wide variety of feedstocks and technology in the ethanol industry.
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