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US Ethanol Policy Eating Family Budgets

2013-01-11 01:00:00| ThePigSite - Industry News

US - A new study demonstrates the dramatic change in US food affordability trends since the Renewable Fuel Standard (RFS) came into being in 2005. Dr Thomas Elam, president of FarmEcon, LCC, the study’s author, shows that compared to long term trends, in 2012 the average family of four saw about a $2,000 increase in food costs, meaning that for the first time since the 1970s, food is becoming less affordable.

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