Douglas - 12/18/2015 08:00

^ What I want is sensible government policy. Not policy based on making midwest/grain farmers happy. Ethanol policy is bad policy in my opinion and done more harm than good. The climate change benefits is more than offset my higher cost of land, fertilizer, feed, etc. 

Our ethanol policy has run the price of grains up world wide. Countries like brazil have used these higher prices to finance expansion of grain productions with improved technology the world over. We have basically given away our export markets and will never get them back. We help finance our competition just like we have done for cotton, sugar,tobacco etc.  

When corn prices eventually fall as they are sure too (high prices encourage more productions) we will be right back needing another government program to keep prices up. The cure for high prices is high prices as they say. That is where the cattle industry is today. 

Markets work if you let them. 

"Let's not forget the payout for 2012 that guys made a killing off of"

Say what? I missed that one, whatever it was.