Ethanol is very viable. Look at the amount of value that has been added to corn and the jobs it has produced. Every thing from trucks to haul the corn and ethanol to the guys that built the plants. The seed companys to the fertilizer plants all have as many if not more employees than ever.
Corn and other grains are the only thing the US has to trade back to China to keep China from owning this country. If the price of grain is high it causes china to give back more of the dollars that we are sending over there.
Iowa, as well as Nebraska I'm sure, have a strong state economy. More income for the farmers means more money going back to the state in income taxes.
Iowa has $400 million more in there coffers than they spent this past fiscal year. Where did that revenue come from? Corn
Iowa produced 3.9 billion gallons of ethanol last year. We only burn a total of 1.9 billion gallons of gas in Iowa per year. We exported more fuel out of Iowa than we burn.
We and the livestock still have plenty of corn to eat. If not for ethanol Iowa would have to get rid of another 1.4 billion bushels of corn per year.
"Corn is in everything" it maybe but we still have extra to burn.
Just my opinion and everybody is allowed to have an opinion.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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