October 10, 2013

REP. PETER WELCH (D-VT): I think we can all agree that the Renewable Fuel Standard has “been a flop.” “There’s not been an environment benefit; there’s actually been an environmental detriment and there’s been an economic detriment to many sectors of the economy, even though there’s been a significant benefit to the Corn Belt.” Yeah, but with the bubble in farmland that’s resulted, a lot of bigshots are invested in it now.