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LINCOLN, Neb. (AP) - Increased production of biofuels such as ethanol might help farmers' bottom lines and address climate-change concerns, but it could inflate food prices worldwide, warns a former White House economist.
"Worldwide, especially in developing countries ... food price increases are definitely something we're going to have to come to grips with," said David Sunding, who served on former President Bill Clinton's Council of Economic Advisers.
Sunding, an economics professor at the University of California-Berkeley, spoke Monday to water experts at the University of Nebraska-Lincoln's fourth annual Water Law, Policy and Science Conference.
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