Doug Cameron reported in today's Wall Street Journal that, "A group of U.S. agribusiness companies including Archer Daniels Midland Co. are uniting in the intensifying food-versus-fuel debate, forming an alliance to promote the idea that technology can ease global supply shortages.
"The Alliance for Abundant Food and Energy - which includes seed makers Monsanto Co. and DuPont Co., as well as farm-gear maker Deere & Co. - wants to spread its belief that renewable fuels won't cut into food supplies if new technologies, such as genetically modified crops, are used to their fullest. The group is also working hard to protect government subsidies for ethanol production.
"ADM, Monsanto and others have seen their own profits soar in recent years, as booming demand for agricultural products in emerging markets has pushed up commodity prices and spurred additional production."
And Reuters writer Lisa Shumaker reported yesterday that, "A new group is adding its voice to the debate on using crops to produce alternative fuels such as ethanol amid rising food prices and shortages in some countries.
"The Alliance for Abundant Food and Energy in Washington D.C. was created by Archer Daniels Midland Co, DuPont Co, Deere & Co, Monsanto Co and the Renewable Fuels Association (www.foodandenergy.org ).
"'There are critics who are trying to create an either-or decision between food and fuel,' said Mark Kornblau, the alliance's executive director. 'We believe this is a false choice. Today, more than 90 percent of crops in the United States and around the world are used exclusively for food.'"
President FarmPolicy.com, Inc.