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Published May 30, 2011, 05:20 AM

Vilsack: Food price hike more than ethanol

WASHINGTON — Agriculture Secretary Tom Vilsack told a gathering of international agricultural development activists recently that U.S. biofuels should not blamed for most of the increases in food prices in recent years. “With respect to food prices, corn-based ethanol does not deserve the scapegoat reputation that folks often attempt to assign it,” Vilsack told a May 24 conference sponsored by the Chicago Council on Global Affairs. “During the great run-up in food and commodity prices in 2007 and 2008, biofuel production played only a minor role — accounting for about 10 percent of the total increase in global prices.”

By: Jerry Hagstrom, Special to Agweek

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