I live in Wisconsin. When the Ethanol Mandate went into effect I caught a farmer on a call in show.
He was receiving $1.25 per bushel of corn. He had told his wife that it was their last year. He was giving up! The mandate announcement immediately jumped the price to over $4.00 per bushel! He no longer needed to quit. But that is not the price only for corn into ethanol, but corn in general. Meaning that everything that uses corn has an concomitant increase in cost and hence price to us.

Quote Originally Posted by steelish View Post
No...it's not. But the government in their infinite wisdom decided it WAS and started to subsidize corn farmers that were growing corn for ethanol. What happened? The price of corn at produce departments skyrocketed, the price of beef and chicken went up due to the lack of grain for feed. It effected so much that the government didn't think of. That's the problem - they jump to solutions that aren't well thought out.