Posted by: doug308 | June 16, 2011

Ethanol Subsidies

In the US ethanol is largely derived from corn. And where I live in the Midwest that is a good thing because susbsidies for the ethanol industry are pushing corn prices through the roof. Which in turn makes farmers in states like Missouri and Illinois very happy. However, the $6 billion in subsidies being handed out to the ethanol industry are drawing some fire from many angles. And I have to admit that given the questionable success of the industry I think that the critics might be onto something.


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