When it rains, it pours with not a drop in between. We’ve seen weather swinging on a pendulum of extremities this summer including recent fatal floods in the Philippines to more than half of the U.S. facing a historic drought from which ripple effects could be felt for months.
Among these ripple effects are a major spike in food prices. (For those on food stamps, even a slight increase can make a big difference and that program could face serious cuts according to the latest House Farm Bill). And what crop is most at threat due to this historic drought? Corn, but not only because of its demand as a food source and livestock feed. Forty percent of corn is used for ethanol in fuel due to the Renewable Fuel Standard which mandates a certain amount of U.S. biofuel production. That 40 percent is therefore removed from the food supply.
Not only does this mandate contribute to an increase in greenhouse gas emissions, it also causes food prices to rise in good conditions. Unfortunately, we can expect to see more from this extreme-weather pendulum, and in that case, it’s high time for the EPA to rethink the Renewable Fuel Standard.