Friday, October 23, 2015

Crony capitalism in nutty Iowa: Nearly 40% of Iowa's corn ends up as ethanol, not feed, driving up food and fuel costs

Since 2010-2011, Iowa has produced an average of 12.7 billion bushels of corn, with an average of 5 billion bushels going to ethanol production, as reported here.

It is estimated food prices would fall 13% by repealing the Renewable Fuel Standard signed by George W. Bush in 2005. Ethanol also reduces MPG by 25%, is bad for engines and does nothing to reduce carbon emissions.

Republicans should kill ethanol!