WASHNGTON — A new study released Jan. 8 demonstrates the change in U.S. food affordability trends since the Renewable Fuel Standard (RFS) came into being in 2005. Dr. Thomas Elam, president of FarmEcon LCC, the study’s author, shows that compared to long term trends, in 2012 the average family of four saw about a $2,000 increase in food costs, meaning that for the first time since the 1970s, food is becoming less affordable.
For the country’s food spending, the current dollar above-trend 2012 food bill was $162 billion. In perspective, Elam notes, the increase in food. . .
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