SOURCE: Lynn Grooms, FARM INDUSTRY NEWS, 4/22/11

Does corn ethanol affect food prices? This is a question posed in a new report from Iowa State University’s (ISU) Center for Agricultural & Rural Development (CARD). The authors says that rising corn prices in 2006 and 2007, followed by the 2008 spike, and dramatic drop in 2009 would have occurred without ethanol subsidies or even if corn ethanol production had not expanded.

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