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Ag News
Subcommittee Looks at Fuel and Food Debate
Published Wednesday, May 07, 2008 at 04:59 AM
Boyle called on congressional and Administration leaders to develop and implement a plan to decouple the increasing price correlation of food from fuel. Boyle noted that, in 2007, livestock and poultry producers saw their feed prices rise by more than 65 percent and are anticipating an equally difficult environment for 2008. He says - food inflation creates a drag on the economy and reduces the purchasing power of consumers,
Boyle said - the American Meat Institute is committed to working with Congressional and Administration leaders to develop policy that balances our energy security and food security objectives.
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