6/13/2013

There is no direct link between the implementation of the Renewable Fuel Standard and rising food costs, according to a study conducted by ABF Economics and commissioned by the Renewable Fuels Association. "If you take a look at the time period since the implementation [of the RFS] and a comparable period prior to that, what we found is that retail level food prices have actually increased at a slower rate," said John Urbanchuk, managing partner at ABF Economics. Energy prices are a bigger driver than farm commodity prices in food-price spikes, the report states.

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