A new study sponsored by the American Meat Institute, National Chicken Council and National Turkey Federation has called for an end to ethanol subsidies, saying that the industry does not need the incentives, and that current subsidies are distorting farmer planing and causing a direct increase in food costs. Â The report says that the US industry would need 200 million tons of corn to support a 100% compliance with an E10 mandate in the United States. The report projects that federal ethanol supports will cause a $34 billion increase in the price of grains in the US. The report also stated that implementing E10 across the country would only displace 2.5 percent of oil imports.
In Washington, meat producers are mounting a full-court press to eliminate the ethanol tariff and ethanol subsidies, to reduce pressure on corn prices that affect chick production costs. The industry,...
World Vision Australia has called for the suspension of all ethanol subsidies worldwide, pending further research on biofuels, rising food prices and land-use diversion. The Australian ethanol industr...
In Australia, biofuels supporters have called on the Federal Government to set national biofuel mandates in light of a pessimistic report on greenhouse gas emissions submitted by economist Ross Garnau...
The European Commission announced a plan to reform EU agricultural subsidies. The plan would reduce subsidies for large-scale farms and direct the savings to increased support of smaller-scale farming...
The UN FAO released a report at the Food Summit calling for a global biofuels subsidy program and protectionist policies moratorium, saying that “the energy security, environmental and economic bene...
In Washington, Iowa State University economist Bruce Babcock testified before a US Senate committee yesterday that if all ethanol subsidies were halted immediately, the price of a bushel of corn would...
