Yes that concentrated protein in the distillers grain
is great for putting on the meat, and many millions of
tons are produced, even enough to sell overseas.
bestintxas— There is no price supports on most farm
commodities as prices are high enough to be above
support level.The reason they are higher than support
levels is energy costs drive up fuel and fertilizer,
and all farm inputs, so the price has to be up
some, compared to 15 years ago, to even
allow the farmer to produce it.And oil companies do
get much more in depletion and tax credits, for their
whole operations, than farmers ever got even when
farm prices were low and price supports were paid.
By 5-10 times as much. Oil companies have congress
bought just like drug and insurance companies do.
From the time there was taxes oil companies have
got huge credits.An the silly irony is people keep
talking about ethanol and farm subsidies, when it is
the oil companies are getting a tax credit.......
TO USE A FARM PRODUCT.......
Some think market running things completely with 10 buck
hamburg, 15 buck gas would things right. Well only top
10% could live at that level,and the rest would starve,
meaning in short time, none produced at any cost
as labor force in that bottom 90% would be dead.
Everyone can’t be paid, working or not,
200 grand a year, to afford those prices.
Ed Hubel.
“bestintxas— There is no price supports on most farm
commodities as prices are high enough to be above
support level.The reason they are higher than support
levels is energy costs drive up fuel and fertilizer,
and all farm inputs, so the price has to be up
some, compared to 15 years ago, to even
allow the farmer to produce it.And oil companies do
get much more in depletion and tax credits, for their
whole operations, than farmers ever got even when
farm prices were low and price supports were paid.
By 5-10 times as much. Oil companies have congress
bought just like drug and insurance companies do.
From the time there was taxes oil companies have
got huge credits.An the silly irony is people keep
talking about ethanol and farm subsidies, when it is
the oil companies are getting a tax credit.......”
I’ll say it again, strip away any type of tax credit to oil companies and they will hurt but just a few will go belly up. Credits simply are, on a basis of total enterprise value, not significant compared to what the credits and subsidies are for ethanol activities.
There was insignificant amounts of biofuels prior to the biofuels credits and the federal mandates. That alone tells one there is no basis for competitiveness in the marketplace.
Go ahead and look at the numbers: the credit alone on ethanol last year was $0.45 per gallon. That represents at least a 25% credit subsidy of a gallon of gas(less taxes).
That is far, far more than what oil and gas companies supposely get tax credits for. Furthermore, there is no mandate to use oil and gas, as there is for biofuels.
If Congress is bought and paid for by oil companies, I wish they would show it. All I ever see is a never ending castigation of them whenever prices go up and shouts of “Big Oil”(which is a lie as there are only 3 majors left in this country with a combined market share of less than 50%.)
For some time now, the leader of the ethanol movement ADM was branded by the Cato Institute as the largest corporate welfare recipient in the country’s history.
http://www.cato.org/pubs/pas/pa-241.html
What is really ironic on your comments is that you noted that energy costs are up for the farmer, but do not even realize that it is partially due to the price supports for the production of ethanol which add to it.
Energy is not in a vacuum. It does not magically rise and fall. Its price is the product of supply, demand, and the costs to produce.
Subsidization of ethanol adds to that cost of production of energy bigtime.