Evan!
Well-Known Member
As many of you know, a big reason for the upcoming rise in grain prices is that many farmers are electing to switch their field over to corn, which in turn cuts the grain supply down and prices go up. The reason many have been switching is because good ol' Dub and the Congress have decided that ethanol is the future of alternative fuels...and thus, a great deal more corn subsidies are offered, alongside requirements that force refineries to blend a certain amount of ethanol into their fuels (which is, in effect, also a subsidy). I've been decrying this as BS for awhile now, given that ethanol fuel has a net energy loss after you factor in growing the corn and turning it into fuel...not to mention the environmental effects of increased corn production. But, as usual, the gubmint thought that they were smarter than the rest of us, and had to f*ck with the market.
Well, I'm not sure just how much Congress listens to "facts" and "science", but this article is encouraging nonetheless, especially given where it's coming from.
Well, I'm not sure just how much Congress listens to "facts" and "science", but this article is encouraging nonetheless, especially given where it's coming from.