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To: tickmeister; JustaDumbBlonde

I looked it up:)

According to Babcock, Iowa State Univesity, ethanol has added 1.5% to the cost of food in general and significantly higher to meat. Taxpayers foot an additional $5 billion in tax credits.


131 posted on 01/17/2011 1:44:23 PM PST by Cold Heart
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To: Cold Heart

I am of the opinion that subsidies for ethanol should end, let the market work. As far as Babcock at Iowa State I wouldn’t bet on him having the sense to pound sand in a rathole. I’ve been to college and know those folks. Tick from Meister State says ethanol has decreased food prices 1.5%, so that makes it even.

I’m smiling as I write, so hold the flame.


132 posted on 01/17/2011 4:01:53 PM PST by tickmeister (tickmeister)
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To: Cold Heart
"According to Babcock, Iowa State Univesity, ethanol has added 1.5% to the cost of food in general and significantly higher to meat."

Over what period of time? In Iowa, or nationwide? Please post the supporting data, including the date that the data was prepared.

133 posted on 01/17/2011 4:33:32 PM PST by JustaDumbBlonde (Don't wish doom on your enemies. Plan it.)
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