The group of companies maintains that technology can ease global supply shortages.
CHICAGO - A group of U.S. agribusiness companies led by Archer Daniels Midland Co. launched a new front in the intensifying food-vs.-fuel debate Thursday, maintaining that technology can ease global supply shortages.
ADM, backed by seedmakers Monsanto Co. and DuPont Co., as well as Deere & Co., made their call through a new lobbying organization called the Alliance for Abundant Food and Energy.
It marks a sharp divide in the U.S. agribusiness sector over food and energy policy, notably subsidies for ethanol and other renewable fuels.
Members of the alliance -- which does not include Minnetonka-based Cargill Inc. -- argue that technological improvements would boost crop yields and prevent demand by renewable fuels from reducing food supplies.
This view is fiercely opposed by food companies such as Tyson Foods Inc., which has called for U.S. ethanol subsidies to be dropped.
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Yee gads! We already know that Wisconsin has superior angel tax credits than Minnesota (and by superior, I mean it actually HAS them) but this is getting ridiculous. It would be perfectly understandable if the Badger State wanted to sit on its laurels and count the Minnesota startups fleeing to Madison or Hudson. Instead, as Minnesota [...]
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