corn-based ethanol

U.S. Sen. John Sununu (R-Waterville Valley) argued today that corn-based ethanol is contributing to rising food  and oil prices.

U.S. Sen. John Sununu (R-Waterville Valley)

This morning in Washington D.C., Sununu participated in testimony titled, "Fuel Subsidies: Is There an Impact on Food Supply and Prices?"

"Ethanol production is driving up prices for small businesses, such the New England-based When Pigs Fly Bakery, and continues to hit families and food pantries hard," Sununu told the Senate Homeland Security and Governmental Affairs Committee. "This year, over 30% of America's corn harvest will be diverted from food to ethanol production. That's a bad deal for New Hampshire and the nation, because it causes higher prices for bread, milk, eggs, and other commodities."