As a farmer, I read all of the above comments. How did this comment section morph into a rant against ethanol?
Biodiesel was the topic. First, the subsidy on Biodiesel production is $1 per gallon produced. Second, biodiesel can be produced from other sources such as chicken renderings (chicken fat). Anyone upset about that?
And just to start the flames going, did you know that most biodiesel produced today is first paid the subsidy and then EXPORTED to Europe because of the exchange rate with the dollar.
None of this subject is knee jerk simple. Socialism distorts the markets, but today’s market prices for corn, soybeans, wheat, and rice have more to do with the world wide demand, political upheavel (read Argentina), and the weak dollar than biofueld subisidies.
