Virginia Congressman Bob Goodlatte and FarmEcon LLC President and Ag Economist Thomas Elam spoke about the Renewable Fuels Standard - which several organizations say is negatively impacting food prices and the livestock industry.

Goodlatte points out the difficult situation many U.S. farmers and ranchers face right now because of the drought. Each day - the U.S. corn crop continues to shrink and USDA reduces the expected harvest of the corn crop - causing many to wonder how food prices will be impacted…