The declining state of this year’s corn crop has prompted new calls for elimination, or at least a modification, of the Renewable Fuels Standard (RFS), which currently mandates 15.2 billion gallons of renewable fuels going into the nation’s fuel supply this year, most of that from corn. On Thursday, Congressman Bob Goodlatte (R-Va.), who serves as vice chairman of the House Agriculture Committee, introduced a bill that would allow flexibility in the RFS based on corn supplies.

Goodlatte and economist Thomas E. Elam, president of FarmEcon LLC, discussed the proposed legislation and the impact of the RFS on food and fuel prices in a news conference sponsored by livestock and meat groups including NCBA and the American Meat Institute.