Did you know that 44 percent of America’s corn crop is used for ethanol production rather than food? Did you know that corn prices and food prices as a whole have increased dramatically during the past several years after federal ethanol mandates began diverting corn to ethanol? The Mackinac Institute’s Bruce Walker published an excellent article this week documenting these and other facts about ethanol and federal ethanol mandates.
“Congress has done away with the costly ethanol subsidies,” writes Walker. “Now it’s time to get rid of the even costlier ethanol mandates. If ethanol derived from corn is indeed the answer to our environmental and energy needs, it should make its case on the merits of the free market rather than government and industry strong-arming.”
Walker’s article appears here.