This week the American Meat Institute and the Renewable Fuels Association both suggested the same thing: that Congress increase funding in economic stimulus legislation for loan guarantees that help advance second generation biofuels.
AMI, along with 11 other food lobbies including the National Chicken Council, the National Pork Producers Council and the National Turkey Federation, signed a letter Monday asking Congress to fund grants, loan guarantees and other tools "that will help advance second generation biofuels that do not displace food." The full story is at
The political and economic incentives that mandated using corn for ethanol biofuels created a tortilla crisis in Mexico beginning around 2006 and only ending when new president Felipe Calderón set caps on tortilla pricing.
Farmer’s pulled up crops like soybeans, and hops in favor of heavily subsidized corn which created shortages in the other crops and contributed to record high prices.