Tuesday, May 06, 2008

Harkin - Don't Blame Ethanol

Iowa Senator Tom Harkin commenting on the farm bill:

Economists and the media are quick to tie the rise in global food prices to the ethanol boom — which consumed 23 percent of the American corn crop last year, according to the U.S. Department of Agriculture.

But biofuels are not to blame, according to Sen. Tom Harkin, D-Iowa.

Harkin, chairman of the Senate Agriculture, Nutrition and Forestry Committee, discussed congressional efforts to pass a new five-year, $288 billion farm bill Monday at the Fort Dodge Municipal Building.

1 comment:

Anonymous said...

Harkin may be able to say that ethanol hasn't had a huge impact on the price of cornflakes, but consuming 25% of the corn crop has had a big impact on the price of corn itself. And if it hasn't, then why would farmers be defending it so fiercely?