‘U.S. Restaurant groups blast Obama for Biofuels’

Image by ponsulak / freedigitalphotos.net *

Image by ponsulak / freedigitalphotos.net *

U.S. Restaurant Groups Blast Obama for Biofuels and Driving Up Food Prices

LaRouchePAC – Nov. 30, 2012 – A 37-page report was issued Nov. 28 by the National Council of Chain Restaurants (NCCR) on the Obama Administration’s insistence on corn-for-ethanol, given the corn shortage, emphasizing that it is driving up prices and harming the food supply. NCRR Executive Director Rob Green said at a press conference, yesterday, “The use of corn-based ethanol required by the Federal Renewable Fuel Standard mandate has dramatically distorted the market and increased costs throughout the food supply chain. The RFS mandate artificially inflates the price of corn, which increases costs throughout the system, from cattlemen and poultry and pork producers to dairy farmers and restaurant owners. The RFS mandate forces small business owners, franchisees, and their suppliers to spend higher and higher sums on commodities, which ultimately drives up prices on the end-user, the consumer.”

Members of the NCCR include — besides the infamous big chains like McDonalds, Burger King, and Chi Chi’s — many independent restaurant owners, and also family-based franchise operators.

The new report makes quantitative estimates of how much different categories of restaurants (quick-service, chains, full service, etc.) are facing in increased costs, due to Obama refusing to waive the RFS, to free corn into the food system.

The NCCR was one of dozens of farm and food groups which this Summer formed a coalition, to ask the Obama Administration to waive — temporarily or fully — the annual RFS mandate, given the drought reducing the corn supply. Obama arrogantly rebuffed them all, and after the Nov. 6 presidential election, the Environmental Protection Agency denied their appeal entirely. – emphasis added

Source: http://larouchepac.com/node/24642

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