Source: National Corn Growers Association

Remarks made last week by the chairman of Nestle about the use of corn for biofuels production were not only wrong but dangerous, the president of the National Corn Growers Association said. At a time of economic struggle for millions of Americans, any proposal that will kill jobs, damage the environment and raise energy prices needs to be opposed vehemently.

"It is scandalous, ludicrous and highly irresponsible for the chairman of a global conglomerate that tripled its profits last year to talk about higher corn prices forcing millions into starvation," said NCGA President Bart Schott. "Perhaps if Nestle is so concerned about food prices, its board will consider putting more of their $35.7 billion in 2010 profits back into poor communities. Just their profits alone represent more than half the entire farm value of the 2010 U.S. corn crop."
 
Original news release