Thread: Corn and Ethanol.

Corn prices have ranged from low $6's to around $7.75 this year-

corn-11-11-2011.JPG

Yes, that's significantly higher than the $2.50- $3.00 a bushel range of the year 2005 and 2006.

The flip side of that is that we are no longer paying corn farmers subsidies to keep prices propped up. The market is doing just fine, thank you. Of course, the huge poultry corporations aren't happy that there isn't a glut of cheap corn, but hey, that's the market in action.

Originally Posted by James48843

The flip side of that is that we are no longer paying corn farmers subsidies to keep prices propped up. The market is doing just fine, thank you. Of course, the huge poultry corporations aren't happy that there isn't a glut of cheap corn, but hey, that's the market in action.

No longer paying corn farmers subsidies? Hmmm... go check the USDA site.. better yet, let me quote the 2010 figures since 2011 isn't finished.

$3,519,507,154

yep that's over 3 and a half Billion dollars in corn subsidies in 2010.

Care to retract that statement?

Hey Jim here's one for you. You might read some more of the articles on this site education is always good. This is actually about ethanol production.
http://www.theresilientearth.com/?q=...global-warming

Subsidized since 1979 as a homegrown fuel cleaner than gasoline, corn ethanol had plenty of opponents, environmentalists among them.

Environmentalists question the cleaner energy premise -- adding factors like tractor diesel emissions and fertilizer runoff make it dirtier, they say.

"Corn ethanol is extremely dirty," Michal Rosenoer, biofuels manager for Friends of the Earth, said in heralding the tax credit's demise. "It leads to more climate pollution than conventional gasoline, and it causes deforestation as well as agricultural runoff that pollutes our water."

Opponents also see corn ethanol, which now takes a larger share of the U.S. corn crop than cattle, hogs and poultry, as a factor in driving food prices higher.

"The end of this giant subsidy for dirty corn ethanol is a win for taxpayers, the environment and people struggling to put food on their tables," Rosenoer added.

http://usnews.msnbc.msn.com/_news/20...it-theres-more

ROFLMAO......................

Originally Posted by Show-me

http://usnews.msnbc.msn.com/_news/20...it-theres-more

ROFLMAO......................

Sooo... when can we end the tax credits for the petroleum industry?

I'm for ending all tax credits, loop hole and deductions. Simplify.................

Ok. Eliminating ethanol subsidy (blender's credit) saves $6 billion dollars.

Now, let's end the Oil Company tax credits that cost $41 billion dollars.
http://www.csmonitor.com/USA/Politic...billion-a-year

By the way- that will make the cost of a gallon of gasoline go up by about 30 cents. Fine with me. That just will mean ethanol will be that much more cost competitive.

I think they should limit the tax credits to only companies that sell their product exclusively in the USA.
That would mean GOODBYE to Ethanol.

If we're going to have any chance of getting out of this economic mess we must end all subsidies and tax credits, just as a start. Then redo the taxes (no loopholes, off-shore hidey holes etc, Buffet is a good example of playing the trust game) so that everyone pays their fair share (flat tax) and everyone will have skin in the game. When ~ 47% pay no income tax where is their incentive to restore this country back to economic stability. But then that 47% is the facist voting base, they would love to bribe everyone.

When they destroy the middle class, which they are trying to do, we'll all become slaves and kept in our place. That's all I need to say, because of the re-education camps and the snitches that'll be reporting us. Be careful what ya say and to who. I've said enough anyway, but we have at least 2 or 3 facist snitches on this board.

Happy New Year and Good Luck to those that are against the destruction of the Constitution and to the others FU.

Ya don't burn your food! That's just pure stupidity!

Retirement is great.

Originally Posted by James48843

Corn prices have ranged from low $6's to around $7.75 this year-

corn-11-11-2011.JPG

Yes, that's significantly higher than the $2.50- $3.00 a bushel range of the year 2005 and 2006.

The flip side of that is that we are no longer paying corn farmers subsidies to keep prices propped up. The market is doing just fine, thank you. Of course, the huge poultry corporations aren't happy that there isn't a glut of cheap corn, but hey, that's the market in action.

I burned corn in a corn stove to heat my house for a few years until all this ethanol hoopla started. Corn prices had been pretty stable for decades until then. Of course when that happened prices went loony so I switched back to wood pellets. You have to wonder if any of it was to cut our dependence on Middle East oil like they said or if it was really just to help keep that little farmer by the name of Monsanto in the black. Considering the affiliations of the last administration I think it was more the latter. It never changes, all you have to do is "follow the money" .

Originally Posted by CountryBoy

If we're going to have any chance of getting out of this economic mess we must end all subsidies and tax credits, just as a start. Then redo the taxes (no loopholes, off-shore hidey holes etc, Buffet is a good example of playing the trust game) so that everyone pays their fair share (flat tax) and everyone will have skin in the game. When ~ 47% pay no income tax where is their incentive to restore this country back to economic stability. But then that 47% is the facist voting base, they would love to bribe everyone.

When they destroy the middle class, which they are trying to do, we'll all become slaves and kept in our place. That's all I need to say, because of the re-education camps and the snitches that'll be reporting us. Be careful what ya say and to who. I've said enough anyway, but we have at least 2 or 3 facist snitches on this board.

Happy New Year and Good Luck to those that are against the destruction of the Constitution and to the others FU.

Ya don't burn your food! That's just pure stupidity!

Retirement is great.

Amen!..good to see you my brother..Happy New Year