Finally on the right side of an issue, and D.C. takes immediate notice. Just received this email.
I hope this email finds you well. My name is Maura Kinney and I work at Edelman Public Relations. I am reaching out today on behalf of SmarterFuelFuture.org, a website intended to raise awareness about the economic, environmental, hunger and engine performance implications of current U.S. biofuels policy. I’d like to offer you a story idea that your Economic Policy Journal readers will find timely.
Particularly, I wanted to follow up after seeing yesterday’s EPJ post by Dave Juday about the cost of Thanksgiving dinner and share a related infographic.
Nearly 88 percent of American families are expected to eat turkey on Thanksgiving. But, as highlighted in yesterday’s EPJ post, the American Farm Bureau Federation’s survey found that turkey dinner and all the fixings for 10 people will cost $49.48 in 2012. While this is not a drastic increase over last year, Thanksgiving will cost about 35 percent more than it did when the Renewable Fuel Standard was first passed in 2005.
The RFS—a policy that, as you know, has effectively monopolized 40 percent of the U.S. corn crop for use in ethanol—has negative implications for the U.S. economy and this beloved Thanksgiving tradition.
Prioritizing fuel over food also has real impacts on global poverty rates, ournational security and the prices we pay at the supermarket. Additionally, recent calculations show that the U.S. is losing a million jobs this year—along with $30 billion in economic growth—because we shifted too much of our corn into ethanol.
As I noted above, we just produced an infographic that details the widespread impact of the RFS on the food spectrum and the cost of Thanksgiving dinner in particular.
Please let me know if you have any questions about this infographic or if you would like to speak to someone about the economic implications of the RFS. I’m happy to help.