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?
There is a subsidy on corn, when the price of corn drops below a certain point the subsidy kicks in.
The low dollar, demand from China and elsewhere and ethanol has meant that the price of corn stays above that price point and the taxpayers has saved billions because of it even with the subsidy paid to the ethanol producers.
The farmers doing well also helps the economy. 90% of what the farmers need in made in the USA from seed to machinery. Those people worried about us sending our money to China should take note. The dollar more you spend on food stays in the country, if you save the dollar and spend it at Wal-Mart it goes to China never to be seen again.
Of course if cheap food is everybody goal then oppose ethanol and pay more in farm subsidies so there is overproduction. The trend of the number of farms and farmers has been going down for decades. Screw the grain farmer making a profit for change, the economics of farming with low prices and high costs will drive more and more farmers out of business and we end up importing most of our food at a much higher cost than Ethanol.
I believe just three or four years ago the price of corn adjusted for inflation was less than what it was in the 50’s.