The Iowa Renewable Fuels Association is urging the American Petroleum Institute to stop misleading consumers on the federal renewable fuel standard. IRFA says API recently launched a telemarketing campaign in Iowa claiming the RFS increases food prices. Iowa State University Economist Bruce Babcock says that isn’t completely true.
Babcock says as a whole, the RFS is working and has been good federal policy.
Babcock says maintaining the RFS at intended levels for 2014 would have essentially no impact on food prices.