If Ethanol is going to be pushed by the government, then we should be pursuing alternatives to using corn/food to make said fuel.
But that won’t sit well with ADM and the ag industry who are happy with the direction corn and other farm products are heading.
Won’t be near as much corn planted this year. Cost of fertilizer has changed planting to favor soybeans. Plus it has rained in the midwest heavily and repeatedly delaying planting and field work.
For corn to make a full potential yield, it needs to be planted before June 1st. Even if it quit raining around here today for the rest of the month, not much corn would be planted. With rain tonite and again on thursday, it will take a week for the ground to dry enough for any field work.
ADM has a small part in the ethanol business. it is because of companies like ADM taking advantage of farmers for the past few decades that farmers are forming their own ethanol plants and pocketing the value added proceeds that ADM has previously been pocketing.
Don’t bash the farmers for finally making a profitable enterprise. There were plenty of starving people long before ethanol.
You mean like corn COBS and corn STALKS?