Ethanol taking heavy fire in Washington

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  • Money Mike Geneva, IL
    June 25, 2013 11:37 a.m.

    The RFS didn't raise the price of corn at all. What raised the price of corn was the removal of the corn subsidies in 2011 that had been on the grain for decades, because farmers couldn't make enough money to survive off of the bushel price. It's the free market and a severe drought that raised corn prices last year. Besides, the World Bank just releeased a study in which they said the high cost of crude oil is to blame for the majority of any increases in food prices, not the cost of the commodities, like rice or corn.

    It's interesting to note that VST isn't aware that one of the biproducts of ethanol production is a nutrient-dense animal feed called Dried Distillers Grains that most ranchers in the midwest feed to their livestock in place of corn for its nutritional value. In terms of corn, 99% of the corn raised in the U.S. is field corn, which is fed to animals and used for other commercial purposes. When next year's corn prices go way down, this argument will be moot.

  • one old man Ogden, UT
    June 24, 2013 11:49 a.m.

    Uh, Oh.

    Looks like the Renewable Fuels Associations bribes (er, uh, contributions . . . ) to our lawmakers wasn't large enough this year.