Are you in favor of removing the mandates?
The value of fuel grade ethanol moves in sympathy with the value of gasoline.
Are you in favor of removing the blending credit?
Absolutely. The blending credit is, in fact, a subsidy to the oil industry, not farmers. To the extent that the credit allows inefficient ethanol producers to stay in business, it dampens progress in the industry much the way that, say, the prospect of government handouts in New Orleans has dampened private initiative.