54 cents per gallon. Header is deceptive, should read "Ethanol Boom Shifts Subsidies."
You said it.
"54 cents per gallon."
That tax credit has actually dropped to 51 cents a gallon now, and that's for each gallon of pure ethanol blended with gasoline. So the blender gets a 5.1 cent tax credit for each gallon of E10 he blends. The farmers don't get this "blender's credit," and in most cases the ethanol producers don't get it either because they generally aren't the ones blending the ethanol in with gasoline. The blender is generally going to be the gasoline/oil company that provides your gas station with gasoline. No doubt the tax credit does help lower the price at the pump so the farmers and ethanol producers do benefit from this tax credit in a 'round about way.