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NENE | I am old enough to have farmed in the 1980's. I vividly remember swimming in huge stockpiles of grain, ldp, subsidies, bankruptcies, foreclosures and farm sales. I always thought there needs to be a way to use up some of this surplus instead of the government paying to store it. Ethanol was the answer to me then but the infrastructure did not exist. The building of our ethanol industry has been a huge success story on numerous levels. Less dependence on oil, a clean burning fuel, a cheap and safe oxygenate, high quality feed byproduct, locally controlled industry paying taxes and providing good jobs, and doing it all with surplus corn. We have never paid to defend it or clean it up on our beaches. Still some oppose it. One could argue the government should not have had storage, ldp, set aside, and all the farm subsidies that existed back then but they probably were not the ones facing foreclosure. | |
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I think it's time it stood on its own- oil that is!
