Tag Archives: ethanol

Drought

 

President Obama was in Iowa trying to give tax money to the wealthy. He wants us t0 ” ‘put politics aside’ and give farmers their money”. Ten percent of farmers get 74% of all farm subsidies. Forty percent of the U.S. corn crop is used to make federally mandated ethanol.

Fuel for Thought

Bloomberg says the soaring world food prices that caused riots in Algeria and Tunisia will boost American exports. Corn was up 52% last year.