Posted on 12/09/2017 6:37:20 AM PST by ameribbean expat
Dec 8 (Reuters) - President Donald Trump’s administration called two lawmakers from the U.S. Corn Belt to convince them to join talks about potential changes to biofuels policy to ease the burden on oil refineries, according to a spokesman for one of the lawmakers and a source briefed on the matter.
The effort is the clearest sign yet Trump is seeking to mediate the long-running dispute between the U.S. oil industry and corn growers over the Renewable Fuel Standard (RFS), a law requiring refiners to blend increasing volumes of biofuels like corn-based ethanol every year into the nation’s fuels.
(Excerpt) Read more at agriculture.com ...
Excellent. Time to get rid of this payoff to Iowa farmers.
L
Trump is going to find out how inefficient corn is for fuel and have a fit....and corn will once again become food for fodder...and people....as it should be.
Hey, lets burn food for fuel! What can possibly go wrong!
first, hope the government does not increase ethanol in fuel, and second, hope they will roll it back and put less in gasoline. Would especially like ethanol to be eliminated, but that is likely a bridge too far at this point, but it would be the right thing to do.
Corn ethanol in gasoline is bad science and bad economics.
There goes the farm ... Thanks DJT, we in the hinterlands of fly-over country were hoping to see and end to ethanol, but now it looks like you are encouraging ways to double-down on this worthless ‘supplement’ which destroys our gas tools, decreases our auto mileage, costs more energy to produce that it creates, has the added ‘benefit’ of decreasing our food supply, and raises prices in the grocery store. Like I said thanks ... for nothing.
All because Iowa was the first in the nation for presidential elections and everybody sucked up to Big Corn.
Meat is expensive and tortillas cost a lot more than they used to.
Both of these issues negatively effect normal Americans.
Iowa held the first neighborhood meetings leading up to caucuses years before there was ethanol.
HEAVY SUPPLIES OF BEEF AND PORK WEIGH ON CATTLE PRICES
CATTLE CHARTS SIGNAL PRICE DROP.
They easily siphon off the best workers. Difficult to compete for labor with someone who's payroll is bankrolled by the feds.
You will see more Farmers going broke next year than at any other time. Corn Prices are $2.70 a bushel. Cost $45o an acre to plant and harvest. 200 bushel yield = $540 a acre. Now rent payments or mortgage and your belly up.
It’s obvious posters here don’t want the truth.
They can’t handle it.
“You will see more Farmers going broke next year than at any other time.“
Even more than during the Dust Bowl or Great Depression? I doubt that.
Farming is a business like any other. Taking money from one group of Americans at the point of a government gun and giving it to others is inherently immoral, no matter how noble the purpose.
L
Not really. If a bunch of farmers go out of business and a monopoly buys up all the farmland on the cheap, we'll be in a world of hurt. Food independence is just as important as energy independence. I'm all for getting rid of pointless subsidies, but I do think there's a place for making sure farmers stay in business.
I live in San Diego, my brother is a farmer and I know whats going on. 6 years ago corn was $8.00 a bushel. Corn prices are so low the US GOV will pay a farmer to not farm the land for 15 years. $375 an acre payout. Trying to get prices up.
What Subsidies for grain farmers??
“Not really.”
Yes, really.
“If a bunch of farmers go out of business and a monopoly buys up all the farmland on the cheap, we’ll be in a world of hurt.”
How? Would they stop growing food and let the productive land lay fallow? What sense does that make?
L
“Trying to get prices up.”
Milton Friedman, call your office.
L
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