Keyword: farmerfathead
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Sens. Ted Cruz (Texas) and Rand Paul (Ky.) are trying to avoid an ethanol landmine in Iowa. Both Republican senators have criticized federal subsidies for ethanol, which are popular in Iowa, the state hosting the first Republican contest in the 2016 race for the White House. Iowa kingmakers in the party such as Sen. Chuck Grassley want the Republican presidential nominee in 2016 to champion ethanol. That’s a problem for Cruz and to a lesser extent for Paul, who are both crisscrossing the state this week in advance of possible campaigns for the presidency. Cruz has introduced legislation that would...
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President Obama was in Michigan last week to sign a 10-year, $1 trillion farm bill. While much of the debate has centered around the spending on food stamps, buried in the 1,000-page plan are many other provisions that are indefensibly bad policy. While some are praising, and others complaining, about slightly rolling back spending on food stamps and eliminating some of the direct payments to "farmers" (who did not actually farm), the bill goes far beyond that. This bill continues special subsidy deals to farmers in every area in the country — from corn and beans to rice and peanuts...
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WASHINGTON (Reuters) - A group of 10 U.S. Senators introduced a bipartisan bill on Thursday to eliminate the corn ethanol mandate, arguing that current law raises the cost of food and animal feed and damages the environment. The bill, introduced by Dianne Feinstein, a California Democrat; Tom Coburn, an Oklahoma Republican; and eight cosponsors, faces an uphill battle as many lawmakers from agricultural states support the Renewable Fuel Standard (RFS)that dictates that rising volumes of ethanol made from grains, including corn, be blended into motor fuel. Feinstein said the bill supports development of advanced biofuels, including those from made from...
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In an effort to help farmers across Minnesota who are facing uncertainty because a new Farm Bill hasn't been passed by the House of Representatives, U.S. Sen. Al Franken (D-Minn.) urged Senate leadership to include the bipartisan, Senate-passed Farm Bill in any deal brokered to address the nation's fiscal challenges. "Minnesota's farmers, livestock producers, and rural entrepreneurs support one in five jobs in our state, and they need a new Farm Bill so they can plan for next year," said Sen. Franken. "The Senate has passed a comprehensive Farm Bill that will give our farmers the stability they need, but...
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USDA-backed biofuels plant in Soperton, Georgia has lost taxpayers nearly $60 millionWASHINGTON D.C.—Upon reports Tuesday that a USDA-backed biofuels plant in Soperton, Georgia has lost taxpayers nearly $60 million, IER President Tom Pyleissued the following statement:“Apparently U.S. taxpayers have yet to discover life after Solyndra. Today’s announcement that a USDA-backed biofuels plant has been sold for pennies on the dollar—at a loss of nearly $60 million to U.S. taxpayers —further underscores the point that the federal government should not be in the venture capital business.The Bush administration secured the Range Fuels loan, and the Obama administration doubled down on the...
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Interesting timing, especially when some biomass companies are switching from wood chips to corn, because they couldn’t turn a profit on wood chips. Looks like all the wheels are coming off the bus now.To Survive, Some Biofuels Companies Give Up on Biofuels – Technology Review Gevo, a prominent advanced-biofuels company that has received millions in U.S. government funding to develop fuels made from cellulosic sources such as grass and wood chips, is finding that it can’t use these materials if it hopes to survive. Instead, it’s going to use corn, a common source for conventional biofuels. What’s more, most of...
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Tim Pawlenty said all the right things during the inaugural “Presidential Lecture Series” event sponsored by The FAMiLY Leader. A crowd of 150 attendees, plus a dozen media members, gathered at Pella Christian High School early Monday afternoon to listen to the former Minnesota governor. The crowd liked what they heard, but was not blown away by Pawlenty’s delivery. If elections were won only on substance, Pawlenty would stand a strong chance in the 2012 Iowa Caucus. However, style matters too. Oratorical skills propelled Barack Obama to the White House in 2008. Pawlenty will need to become a more passionate...
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A new report says Minnesota's ethanol industry generated more than $2.5 billion in economic activity in 2009 and supported more than 6,800 jobs. The annual report from the Minnesota Department of Agriculture says ethanol production in the state increased to 862 million gallons in 2009 from 550 million gallons five years ago. It estimates production will increase to 1.1 billion gallons this year with an economic impact of $3.1 billion and around 1,500 additional jobs.
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