It's offical MSM hates corn based fuel ethanol.

[charby]

http://news.yahoo.com/why-everybody-hates-ethanol-mandate-060400105.html

The environmental mandate that made the environment worse! Queue Nelson.

Looks like the EPA might reduce the required amount of ethanol that needs to be produced. I just hope this isn't the late 1970's all over again where a lot of ethanol plants were shuttered due to cheaper fossil fuel prices.

Please no farmers are welfare queens analogies.

[Scout26]

Coulda sworn I posted sumting bout this yesterday. 

[Brad Johnson]

Please no farmers are welfare queens analogies.

Spoilsport.

Brad

[lupinus]

Please no farmers are welfare queens analogies.

Dang farmers plowing their fields and popping out a bunch of bushels to stay on the government dole.

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[makattak]

I will be interested as to just how much evidence will be necessary against Ethanol before public sentiment outweighs the lobbying by the Ethanol industry.

My guess is we aren't there yet.

[Harold Tuttle]

you should see the Clearfield PA ethanol plant boondogle

the first company went bankrupt so the second one bought it at 20 cents on the dollar

the second company is prolly cronies of the first and the taxpayers take the hit

[Harold Tuttle]

http://www.pagrain.com/en/photo-gallery

http://www.bizjournals.com/pittsburgh/blog/energy/2012/07/in-clearfield-ethanol-plant-gets-new.html?page=all
"This plant may make money because it was purchased by its present owners at a very small portion of its original costs," Dunn said. "Maybe because they don't have any capital costs, they will be OK. But right now, even if the plant it had been free, the margins are awfully tight." A lot of that is due to the drought.

[charby]

Hmm lawsuit that oil prices are being manipulated and not by OPEC

http://finance.yahoo.com/blogs/daily-ticker/yes-oil-prices-being-manipulated-not-think-135446933.html

[Harold Tuttle]

http://ethanolproducer.com/articles/8740/bionol-plant-purchased-for-9-35-million-at-auction

Nearly one year after it went into hot idle, the sale of the ethanol plant in Clearfield, Pa., has been approved in U.S. Bankruptcy Court. Pennsylvania Grain Processing LLC, affiliate of Zeeland Farm Services Inc., bid $9.35 million for Bionol Clearfield LLC, a 110 MMgy $270 million ethanol plant that began operations in early 2010. “The closing is expected May 8,” said Alfred Giuliano, the bankruptcy trustee.

[roo_ster]

Coulda sworn I posted sumting bout this yesterday. 

I feel kinda left out that I didn't get a ride on that particular hobby horse.

[zxcvbob]

http://www.pagrain.com/en/photo-gallery

http://www.bizjournals.com/pittsburgh/blog/energy/2012/07/in-clearfield-ethanol-plant-gets-new.html?page=all
"This plant may make money because it was purchased by its present owners at a very small portion of its original costs," Dunn said. "Maybe because they don't have any capital costs, they will be OK. But right now, even if the plant it had been free, the margins are awfully tight." A lot of that is due to the drought.

What drought?  There's a record corn crop this year and corn prices are plummeting.  Farmers are complaining that the price doesn't cover the cost of production.

On a slightly-related tangent, I've been wondering why they don't plant more grain sorghum ("milo") in drought-prone areas instead of always growing corn.  The yield in a good year is only slightly better with corn, and in a less-than-optimal year sorghum kicks butt.  Well, I read yesterday the reason is sorghum will survive a drought and produce a harvest no matter what.  Corn gives up and dies quickly and the farmer can collect on his crop insurance.

[makattak]

What drought?  There's a record corn crop this year and corn prices are plummeting.  Farmers are complaining that the price doesn't cover the cost of production.

On a slightly-related tangent, I've been wondering why they don't plant more grain sorghum ("milo") in drought-prone areas instead of always growing corn.  The yield in a good year is only slightly better with corn, and in a less-than-optimal year sorghum kicks butt.  Well, I read yesterday the reason is sorghum will survive a drought and produce a harvest no matter what.  Corn gives up and dies quickly and the farmer can collect on his crop insurance.

I'm not sure if the farmers are aware, but there's an amazing new service that allows for better planning. It's called a "Futures Market". They should really look into that, it helps mitigate the inherent risk in production.

[Balog]

I'm not sure if the farmers are aware, but there's an amazing new service that allows for better planning. It's called a "Futures Market". They should really look into that, it helps mitigate the inherent risk in production.

Look here city boy, anyone who says anything negative about farmers receiving tens of billions in taxpayer dollars is obviously just weak and sissified.

[freakazoid]

What drought?  There's a record corn crop this year and corn prices are plummeting.  Farmers are complaining that the price doesn't cover the cost of production.

Who sets the price of the corn that the farmers grow?

[brimic]

Dang farmers plowing their fields and popping out a bunch of bushels to stay on the government dole.

...or being on the dole in exchange for not popping out a bunch of bushels.

Ethanol production isn't going anywhere until the politicians principal investors get their money out of the industry.

[HankB]

Legislative ethanol mandates and subsidies are not based on science or environmental concerns, they're simply a payoff for targeted campaign contributions (and perhaps other considerations) by ethanol producers.

[charby]

Who sets the price of the corn that the farmers grow?

One of many players
http://www.cboe.com

[Balog]

...or being on the dole in exchange for not popping out a bunch of bushels.

Ethanol production isn't going anywhere until the politicians principal investors get their money out of the industry.

Legislative ethanol mandates and subsidies are not based on science or environmental concerns, they're simply a payoff for targeted campaign contributions (and perhaps other considerations) by ethanol producers.

You're both obviously just weak little city boys who just can't handle the awesome manliness of farmers. We should be giving them tens of billions in tax payer dollars just for gracing the earth with their presence, you pussies. Go get your hands dirty birthing some cows then come talk to me about free market economics. Everyone knows a centrally planned economy is all that's keeping us from starving to death, but only when it comes to farmers. It's bad everywhere else.

[charby]

You're both obviously just weak little city boys who just can't handle the awesome manliness of farmers. We should be giving them tens of billions in tax payer dollars just for gracing the earth with their presence, you pussies. Go get your hands dirty birthing some cows then come talk to me about free market economics. Everyone knows a centrally planned economy is all that's keeping us from starving to death, but only when it comes to farmers. It's bad everywhere else.

Dude, knock it off. Because someone gives you a little butt hurt you don't have to act like a whiney little 4 year old.

[Balog]

I'm going to be charitable and assume you issued a similar if private warning to the people on your side who's behaviour sparked my sarcasm. Right? Cause mods don't publicly insult and admonish just the folks who disagree with them, right?

That said, it's Oleg's house, his mods, and his rules. I'll leave ya'll to it.

[cassandra and sara's daddy]

In that same charitable spirit

http://www.foodfirst.org/backgrounders/subsidies


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[cosine]

Let's put this one to bed.