Biofuel mandates would make corn shortfall costly, experts say

University of Illinois News Bureau
3/24/10

CHAMPAIGN, Ill. — Grocery shoppers face hefty price increases if bad weather withers a U.S. corn crop that is now tethered to grain-intensive renewable fuel mandates, a new University of Illinois study warns.

Economists Darrel Good and Scott Irwin say federal policymakers need to forge solutions now to cushion the blow of a shortfall that history shows is a matter of when and how severe, not if.

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