foodfuel072508
Agribusiness group weighs in on the food-vs.-fuel debate
The group of companies maintains that technology can ease global supply shortages.
Print this story
E-mail this story
Save to del.icio.us
Share on newsvine
Share on Digg
Minnesota business by the numbers
See Minnesota's top earning companies, CEOs and non-profits
More from Business
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.
DOW JONES NEWS SERVICE
Blog: Patent Pending
A few thoughts on MinneDemo…
I’m not a tech guy. My colleagues at work seem to think so though, which is why they keep asking me questions about how to turn on their cell phones, download podcasts to iPods, and unfreeze their computers. “Is it because I’m young or Asian?” I always ask. Cue uncomfortable silence. In truth, I wouldn’t know a Twitter [...]
Comment on this story | Read all 0 comments | Hide reader comments