Is Ethanol Responsible for Higher Food Prices?

Press reports periodically blame ethanol for higher food prices, but the facts don't support the assumption that corn prices have a significant impact on food prices. Other factors such as labor and transportation costs play a bigger role in food prices today. -- Jeffrey Goettemoeller
Reusable fuels: Good goal, good policy�-�Commentary�-�The Washington Times, America's Newspaper:
by Ken McCauley -- June 10, 2007
"...the value of all raw food ingredients (including grains) accounts for less than 20 cents of each dollar an American consumer spends on food. Even at $4 per bushel, the amount of corn represented in a pound of pork comes out to about 17 cents."