WASHINGTON Foodservice industry officials are hopeful that Congress' passage this week of the $307 billion farm bill will help ease the soaring food inflation that has battered restaurant businesses. Approved by an apparent veto-proof margin, the five-year measure would cut the per-gallon tax credit for blenders of corn-based ethanol from 51 cents to 45 cents, and raise the tax incentive for development of nonfood-based ethanol.In addition, the bill provides for government regulation ...
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Contact: Desiree Torres Desiree.Torres@penton.com