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The ethanol refineries in the midwest produce 3 products from corn: ethanol, high-fructose corn syrup and cattle feed (from the used mash).
The whole thing illustrates that once a program achieves a political constituency, it cannot be deleted regardless of lack of effectiveness or unintended consequences. Only the ruthless market can do this.
My understanding is the real problem is corn meal formerly produced by efficient American farmers is no longer available for making tortillas due to ethanol bringing a higher price for the corn.
Having said this, I'm with Michael in that most of these "sky is falling" stories turn out to be less dramatic in real life.
This discussion probably should be moved to The Pub or another non-Healey forum.
The whole thing illustrates that once a program achieves a political constituency, it cannot be deleted regardless of lack of effectiveness or unintended consequences. Only the ruthless market can do this.
My understanding is the real problem is corn meal formerly produced by efficient American farmers is no longer available for making tortillas due to ethanol bringing a higher price for the corn.
Having said this, I'm with Michael in that most of these "sky is falling" stories turn out to be less dramatic in real life.
This discussion probably should be moved to The Pub or another non-Healey forum.