The ethanol industry exists to support midwestern corn farmers. Don't believe me?
These are the top three goals of the Minnesota Ethanol Program:
1 To build a new market for the state's largest crop (corn).
2 To develop corn processing/ethanol production facilities in Minnesota.
3 To increase the number of New Generation Farmer Coops (NGCs). These businesses were designed to provide farmer members greater direct cash return for their crops.
Still don't beleive me? Here's the MN Dept of Ag website:
https://www.mda.state.mn.us/renewable/ethanol/about.htm
If the goal were to reduce reliance on foreign oil, I would believe it if the US allowed creation or importation of ethanol from non-corn corps. Under pressure from the ethanol lobby, the US dept of agriculture didn't allow the importation of ANY ethanol, and farmers don't get subsidies for switchgrass crops.
I have friends whose parents are farmers in MN and IA. As the prices for ethanol corn went up, they converted their food crops (beans, soybeans, peas, etc) into ethanol corn crops. Farmers are subsidized to grow corn for ethanol and sugar (high fructose corn sugar) but not brocolli, carrots, lettuce, etc. Since farmers get paid more (via the free market and gov't handouts) for growing corn for ethanol and sugar, but not other foodstuffs, is it any wonder that food is getting more expensive?
Brazil is managing because they heavily subsidize the crops that produce ethanol. Time Magazine ran an article two years ago on Brazil. There, the farmers plowed under their crops for ethanol. Since the US did the same, world soybean production has dropped and thus demand went up. The Brazilians reacted to this demand by .. cutting down the rainforests to grow soybeans. The math is simple: More Ethanol == Less Rainforest. Take your pick.
Do you think 20% is a lot of ethanol? Why are we jumping on this now when it has been in the plans for over five years?
https://cornandsoybeandigest.com/news/MN-do...ethanol-092804/
So, we get 20% ethanol when 50% of new vehicles can handle. What about the rest of us?
This stuff is so out in the open that it doesn't even qualify for 'conspiracy' status.