Fuels groups say bumper corn crop belies food-versus-fuel debate

Source: By: Erica Martinson, Politico • Posted: Thursday, August 14, 2014

A new report from the Agriculture Department showing that the U.S. is headed towards a record corn crop this year should put an end to food-versus-fuel debates, said Tom Buis, CEO of Growth Energy, an ethanol industry group.

The World Agriculture Supply and Demand Estimates report released today said this year’s corn crop is estimated at 14,032 million bushels, 172 million bushels higher than in 2013.

“It is clear from this report that the food-versus-fuel debate over the U.S. renewable fuel policy can be put to bed.  Our farmers have once again proven we can produce abundant quantities of high quality food, feed, fiber and renewable fuel,” Buis said in a statement.

Fast food restaurateurs and some world hunger groups have pointed blame at the ethanol industry for rising food and animal feed prices.

“Trying to blame the ethanol industry for high food prices makes great headlines, but is not supported by the facts,” Buis said, highlighting a 2013 World Bank study that credited crude oil prices with half of the increase in global food prices since 2004.