Originally Posted By: XS650
Originally Posted By: SuperDave456
When Gas was $4 a gallon the Ethanol producers made HUGE investments into expanding their production capability.
And their lobbying efforts. Yank their subsidies and let them sink or swim on their own.
They would sink like an anchor. I grew up on a small Illinois grain farm. The ethanol boom put me through undergrad and now grad school. My parents knew the ethanol boom was a bad thing overall. It artificially inflated prices at the elevators when we sold grain, which put me through school. Now, it is back lashing with high feed prices and high grocery prices. We all know that. The subsidies my parents can get would SPIN your head. If you thought welfare families had the system worked over, the American farmer has it MADE. (They will NEVER, EVER tell you that but they do, believe me!) But, every farmer has a vote, just like welfare families. So, we shall see how this beast fares. (I bet it lives... w/ gov't support! )