Cutting Ethanol Subsidy Might Not Impact Food Prices

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Uploaded by on Jan 6, 2012

With the U.S. ethanol industry consuming about a quarter of the nation's maize crop, many have blamed biofuels for rising food prices in recent years. The new year brought the end to a $6-billion subsidy supporting the industry, but that doesn't mean food prices will drop because of it. VOA's Steve Baragona reports.

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