The problem isn’t the high price of corn. It’s that ethanol doesn’t fulfill its intended purpose. It actually worsens the environment and causes more gas to be used.
I was visited over the weekend by a 48 year old Brazilian man who once stayed with us years ago as an exchange student. He lives in Sao Paulo, the third largest city in the world.
In Brazil, all cars are flex-fuel. They have gasoline and 100% ethanol. Presently the ethanol is produced from sugar cane and is considerably less expensive than gasoline. The milage from ethanol is much less than gasoline but it coast less. People use ethanol because the fillup cost is less.
All this will change somewhat when the gasoline produced in government waters comes on line
And so... the reason it is mandated is? Somebody is making a deal. Somebody is being slipped some money.... probably a lot of money.
Always follow the money.