The cost of Thanksgiving dinner this year is less than it was a year ago, with turkey leading the way in lower prices. At the same time, the amount of corn used to make ethanol will set a new record in 2016, up roughly 3% from last year. A new analysis from Informa Economics takes a look at food prices over the past ten years in the era of ethanol and finds food versus fuel is still a myth, even though ethanol detractors continue to bring it up.
In this Ethanol Report, Renewable Fuels Association senior vice president Geoff Cooper talks about the analysis and why it “knocks the stuffing out of ‘Food vs. Fuel’ turkeys”: Ethanol Report on Food Prices