A group of livestock producers filed a petition Monday with the Environmental Protection Agency (EPA) requesting a one-year waiver from a corn-ethanol rule they say is raising food prices. At issue is the EPA’s renewable fuel standard (RFS), which requires 15 billion gallons of domestic corn ethanol to be blended into the nation’s motor fuel supply by 2022, with a 2012 target of 13.2 billion gallons.
The group says the law coupled with a nationwide drought will make it harder for them to procure enough corn to feed all their livestock. In a call with reporters on Monday, representatives of the livestock industry warned that the increased demand for corn will drive up beef, poultry and pork prices. Read More