WASHINGTON, D.C. — Today, the Feed Food Fairness Campaign, backed by members of the livestock and fast food industries, ran a one-sided advertisement in the popular Beltway publication “Politico” inaccurately blaming the Renewable Fuel Standard (RFS) for rising food prices. Bob Dinneen, president and CEO of the Renewable Fuels Association (RFA), fired back with the following statement:
“Never before in the history of misleading advertising has so much bull been slung in defense of chickens, hamburgers, and even potatoes. The ad is replete with misinformation. One would have to be awfully creative, for example, to draw any connection between biofuels and potatoes!
“Apparently, the Feed Food Fairness campaign is not big on facts or transparency. Their ad conveniently leaves out the key fact that their numbers come from a 2012 study on commodity costs during the worst drought in 50 years.
“Simply put, the information is outdated and misleading. We are now well into 2014 and that drought has long since subsided. Farmers are harvesting the largest corn crop in history. Corn prices have plummeted with this record crop and yet as a recent RFA study demonstrates, food prices continue to rise. They should take an ad out to explain that!
“Numerous independent analyses have concluded the RFS does not drive food prices—energy does. As noted by the World Bank, ‘most of the food price increases are accounted for by crude oil prices.’
“The market has drastically changed since the drought in 2012 and yet the livestock and fast food industries’ talking points have remained the same. The Feed Food Fairness campaign advertisement does a disservice to consumers everywhere.”