Large food companies and their lobby group, the Grocery Manufacturers Association, continue to suggest that ethanol use is a key driver in rapidly rising food costs. Not so, according to the National Corn Growers Association.

 “There are several factors responsible for driving up food costs, but according to the USDA and the President’s Council of Economic Advisors, ethanol is a very minor component,” said Ron Litterer, president, NCGA. “These experts state that the increase in total corn-based ethanol production accounts for only 3 percent of the 43 percent increase in global food prices over the past year.”

“It’s important that consumers realize there’s enough corn to supply food, feed and fuel needs in the United States, while still meeting the needs of consumers around the world,” Litterer said. “It’s time food companies and farmers work together to find solutions to the real cause of escalating prices – reliance on fossil fuels.”

Source: NCGA