BIO President Questions Food Vs. Fuel Debate
November 21, 2008| |
“Crop prices have fallen dramatically in the past few months as oil and gas prices have declined. This connection between oil and crop prices has been noted by agricultural economists throughout the year. Yet many policymakers continue to be distracted by a spurious food vs. fuel debate.” This was stressed in a press statement by Jim Greenwood, president and CEO of the Biotechnology Industry Organization (BIO).
Greenwood added that “Agricultural biotechnology continues to help increase crop yields, producing more food and biofuels feedstocks on less land. And industrial biotechnology is helping to convert corn starch and crop residues into biofuels more efficiently.”
See the full statement of Jim Greenwood at
http://www.bio.org/news/pressreleases/newsitem.asp?id=2008_1118_01
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