Ethanol Standards Would Hike Corn, Feed Prices, Study Says

NWAOnline.net
Last updated Saturday, June 20, 2009 9:00 PM CDT in Business
By Doug Thompson The Morning News

SPRINGDALE — The U.S. government's plan to increase its ethanol mandate will mean higher food prices and more harm to the environment, according to an impact study conducted for two groups that oppose the increase.

"We continue to believe the government's excessive support of the mature corn-based ethanol industry is simply wrong, since it means burning food for fuel," spokesman Gary Mickelson of Tyson Foods Inc. of Springdale said in a statement after Bill Lapp, an agricultural analyst, released his study.

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