The oil companies are trying to panic cattle growers but the truth is, with the ethanol plants being built, feed will end up cheaper than ever. People are being duped and prefer to put money into the pockets of Saudis, Iranians and the other oil producing countries in Arabia.
I hate to tell you but the US farmer is becoming dependent upon imported fertilizer. What are we going to do next, subsidize the domestic fertilizer industry? Subsidize fertilizer to subsidize corn?
Naturally these subsidize will not show up in ethanol prices, just the tax bill....and eth heads will continue to say their product is efficient.
Then we will have a situation like we have now with subsidized sugar. Domestic candy manufactures are going out of business because domestic sugar is so expensive it is cheaper to import candy made from world sugar prices at half of domestic price.
But hey, trust the government. Trust ADM. Trust farm state politicians. They'd never put it to anyone, naw, never. And no one here on FR would fall for something like that? Naw, never.