Several agricultural organizations are calling on Congress to hold hearings on food price increases that food companies claimed were due to ethanol production.
The groups held a press conference on Thursday to discuss the recent report from the Congressional Budget Office regarding ethanol’s impact on food prices. The CBO reported that higher corn prices due to expanded production of ethanol actually only accounted for only 10 to 15 percent of the overall increase in food prices last year.
Leadership from the American Farm Bureau Federation, National Farmers Union, National Corn Growers Association and Growth Energy joined together for the conference call. AFBF president Bob Stallman began by saying, “The results come as no surprise to us. We have called for hearings to determine why food prices have increased. It’s disingenuous to only look at corn when determining why food prices are increasing.”
NCGA CEO Rick Tolman wants an apology from the Grocery Manufacturers Association. “I think that grocery manufacturers and others owe farmers a huge apology for the damage they’ve done to the reputation among consumers,” Tolman says.