Posted 8/1/2020 09:44 (#8408568 - in reply to #8408554) Subject: RE: A bushel of corn is the same everywhere
Nebraska aka the boondocks
If one simply looks at the 1.4 billion bushels of illegal rin waivers. If I remove 1.4 billion from current carry, what happens? If I then look at the “damage,” or economic impact cited by the refineries, I will find a huge gap between the market price after removing the bushels and the damage to the refineries. Answer, is easy, for a fraction of the current ag subsidies, we could easily accommodate the feeders and the refineries. Which is the point I was making the other day when I made the hyperbolic suggestion of buying and dumping a billion bushels in the ocean, at a cost of less than $4billion, instead of handing out what will be over $50 billion in subsidies when it’s all over.