I agree. No mandate should be in place. It wasn't mandated when we started using ethanol 35 years ago. For that reason we choose to use it on our own and were not forced in to it.
Bio diesel is not making it cause the cost to produce a gallon is way to high.
When beans were $5.00 a bushel and diesel was $3 a gallon it could work. When beans went to $10 and diesel was still $3 no way it will work.
When ever corn is under 2.5 times the price of Gas, Ethanol will work. Example, if corn is $10 a bushel gas has to be above $4 to work.
Right now gas is about $3.50 a gallon so the distillers can pay up to about $8.00 and still make it work. They get over 2.8 gallons of ethanol from a bushel of corn now. That leaves about 25 pounds of distillers grain left to sell after removing the ethanol.
Without the subside corn could only be about 2 times the price of a gallon. So with gas at $3.50 the distillers could not pay over $7.00 to make money.
Ethanol is here to stay. I said this a couple of years ago, if gas goes down so will corn. If there actually was a gas shortage and it went to $5 a gallon we could see $10 plus corn from the demand on ethanol.
I also said 2 years ago for the livestock guys to hang in there, good prices were coming to offset the increase in feed costs.
At that time cattle were $75 a hundred. Today they are close to a $130 and working up.
Hog guys are seeing good prices as well and making money even with $6 corn.
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