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Ag Policy Crucial for Next-Generation Biofuels
Conference committee appointees are hashing through Senate and House versions of the Farm Bill, and there’s a significant risk that the legislation they pass on to the President will continue the misguided agricultural subsidies that thwart the development of advanced cellulosic biofuels. Crop subsidies for corn, combined with counter-productive subsidies for corn-derived ethanol, not only provide the wrong incentives for the biofuel industry, they distort the price of grain in global food markets. In a column today on the Center for American Progress site, “Hungry for Next Generation Biofuels,” Jake Caldwell and Gayle Smith draw the connections between these issues and get to the fundamental question:
How can the United States help itself and the rest of the planet diversify our global sources of sustainable biofuels and foods so that farmers here and abroad enjoy less costly energy and more equitable incomes from the fruits of their labor?
The interrelations between ag policy, food prices, and biofuels production are complicated. Getting U.S. policy on the right track with a smart Farm Bill shouldn’t be.
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