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Kansas State economist says media misinterpreting, overstating biofuels impact on foo

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07-08-2008, 07:54 AM

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Kansas State economist says media misinterpreting, overstating biofuels impact on foo

In Kansas, Kansas State economist Mike Woolverton said that mainstream media were misinterpreting work by former USDA chief economist Keith Collins, who recently completed a study for Kraft Foods. “He did say that food prices were impacted,” said Woolverton, “but he said that of the 4.3 percent increase in food prices registered last year, 1.8 [...]

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