Five states ask feds for help with high corn prices, say livestock more imporant than ethanol
Despite recent reassurances from the Renewable Fuels Association that the drought would not raise food prices, Georgia Governor Nathan Deal has written a letter to the federal government that says, in part, "the unprecedented drought experienced in major crop areas of the country, especially throughout extensive areas of the Midwest and South, has significantly decreased crop yields." Reuters writes that Deal calculates the extra cost to poultry farmers in Georgia at $1.4 million a day, thanks to the double-whammy of the drought and biofuel requirements. The EPA doesn't have to decide on the waiver request until November, so expect this fight to continue.
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