Your right—And there is no corn shortage, just huge
transfer of speculating money from real estate, bonds,
etc, to farm products, driving up the prices.
AND THERE IS NO SUBSIDY PAID FARMERS ON CORN.
The amount of money speculating on farm output has
went up 20 times in the last 8 years. The corn storage
is half full, which gets us to next harvest as usual
except speculators have driven up the price.And
farmers won’t refuse to sell at that price, as the
energy cost, also driven up by speculators, has raised
farms cost to raise that corn as much as the price
went up. It is not ethanol as on the market it is
cheaper than gas and has helped to moderate gas
prices and aid in the supply.Ed
Of course not. Farmers are so pure and saintly they wouldn't accept it. The subsidy is paid to ethanol producers who pass the money on to farmers.
It never ceases to amaze me how defensive farmers are about this. They automatically assume that an attack on ethanol is an attack on farmers.
But tell me. If a politician were to go to a farm state and say he wanted to end ethanol mandates and subsidies, would farmers vote for him?