Posts Tagged ‘Corn Ethanol’

Ring Out the Old: Corn Ethanol Subsidy Dies

January 14, 2012

Ring Out the Old: Corn Ethanol Subsidy

Death notice: U.S. Corn Ethanol Production Subsidy, age 30. Expired on December 31, 2011. Unmourned by all but the most callous corn lobbyists. Subsidies added costs to fuel and groceries, put more Americans on food stamps, and increased world hunger and starvation. Good politics in Iowa, though.

“Over the past 30 years, the federal government has given an estimated $45 billion to the corn industry to help support ethanol production. In 2011 alone, those subsidies totaled about $6 billion, or about 45 cents for every gallon of ethanol. “

– Bruce Watson, AOL Daily Finance

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Short Link: http://wp.me/p6sb6-cdh

Image (“Food From Corn, after a 1918 poster by Lloyd Harrison”) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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