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E.Central MN | I answered your question the other day. The subsidies were put in place to grow the industry. Ethanol plant investments have surpassed almost everyone's expectations, partly due to the rapid withdrawal of MTBE by the oil companies which temporarily spiked ethanol prices. I am not against a gradual withdrawal of subsidies, but I am against allowing foreign producers(who may have their own govt subsidies) to take advantage of the market and put the US ethanol investments at risk. As far as the taxpayer, the consumer and the country, yes, I think they're better off with a strong domestic alternative fuel industry that is reportedly keeping gas 20-40 cents cheaper/gal than it would be if ethanol were removed. A lot of factors are affecting the price of corn-- speculation, foreign demand, planting concerns. | |
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USDA lowered national yield to 151.1
