Impact on Ethanol, Corn, and Livestock from Imminent U.S. Ethanol Policy Decisions
Bruce A. Babcock
November 2010 [10-PB 3]
The next few weeks should bring some clarity to the future of the 45-cent-per-gallon ethanol tax credit and the 54-cent-per-gallon import tariff because both are scheduled to expire on December 31. Although the arguments in support of and against their extension have changed little since the summer, the economic situation in the corn, livestock, and ethanol industries has changed dramatically.
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