Show off your holiday lights and you could win an iPad! Enter your photo by December 13. Winner will be selected by popular vote.
Thursday, May 30, 2013
In an op-ed published April 24 (“The fuel standard is working”), Adam Monroe, president of Novozymes North America, argued that the Renewable Fuel Standard should not be reformed by Congress.
This recommendation disregards an important fact: The RFS increases food prices for every American. The economics are simple. The RFS creates a government-mandated demand for corn to be processed into ethanol at an ever-increasing volume, regardless of consumer demand, and more importantly, independent of the supply of corn.
Last year, despite a severe drought that ravaged corn supplies, more than 40 percent of the domestic corn crop went to the production of ethanol instead of food. The results were devastating for livestock farmers and American consumers. Since 2005, corn prices have increased 300 percent due to the insatiable demand of this government program.
Rep. Bob Goodlatte, R-6th District, understands that the RFS is hurting American farmers and consumers, and has introduced legislation to fix the problem. His legislation is a common-sense solution that eliminates the disruptive mandate for corn ethanol while allowing advanced ethanol to continue. Goodlatte’s bill will eliminate a government mandate that has caused higher food costs for everyone. This is an effort every American can support.
Executive Vice President & Chief Sustainability Officer
Smithfield Foods Inc.
Weather Journal7 wintry scenarios for Sunday