NBC Nightly News shone a light this week on rising food prices that are impacting consumers across the United States.
While Brian Williams and the gang focused on the drought in California, it is important to note that these recent price increases are part of a longer-term trend. Beef, poultry, milk and cheese prices have all been on the rise for nearly a decade—in fact, food prices are up 17.8 percent.
With the introduction of the Renewable Fuel Standard in 2005, the demand for ethanol increased making it more and more difficult for ranchers to feed their herds. By increasing the competition for and price of corn, the ethanol mandate has unintentionally been driving up the cost at the grocery store. By 2022, the RFS will increase food costs for Americans by $3 billion—annually—according to the Congressional Research Service.
And now the drought, which has been affecting various parts of the country since 2012, is making what is already bad, worse.
We can’t change the weather, but we can make changes to this failing policy. Tell Congress it’s time for a real solution.