Monday, October 15, 2012

It'd be damned time, assuming the EPA actually does it

The EPA may shift corn away from ethanol use to reduce demand on drought-impacted farms.

Only months ago, the EPA was pressing hard to expand the use of ethanol in the nation’s gasoline supply, but in the wake of this summer’s fierce drought, the agency may soon reverse course and actually trim back because of shortages of corn used to produce the renewable fuel
Actually, it's late for this; it should've been done months ago. 


MauserMedic said...

What would we do without agricultural central planning? Farmers would just grow stuff on their own. Can't have that. It'd be chaos! Next thing you know, why, people would be buying things they want, saying want they think, going where they want to go. Nope, can't have that.

Luton Ian said...

Apart from agreeing totally with Mauser Medic

How is corn for ethanol priced?

is it a fixed price? or is it based on a market price (perhaps with a premium of OPM)?

I'm guessing that they use the method which screws up the market signals the most?

You and the Ruskies had drought, our crop was just about drowned and it was so cold here during the period when the grains were filling, they're light and shrivelled.

cattle and sheep for fattening and breeding are down in price here because of shortage of winter feed.

Firehand said...

Meat prices are way up here; with the last two summers being so bad, and corn and hay being so short.