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Is The Bio-fuels Industry Ready To Cut The Government Apron Strings?
By Mr Ethanol | June 5, 2007
The Farm Gate:
The ethanol driven corn market has caused many livestock producers to wince at feed costs, and grumble about tax credits and other government incentives that have benefited the ethanol industry. Calls for a more level playing field have been frequent, not only from some livestock organizations, but also policy critics of the ethanol industry. As the Farm Bill is being re-written debate will increase over whether the ethanol tax treatment should continue when it expires in several years. What if it did expire? Would the bio-fuels industry be hurt, and what would that do to commodity prices?
The answers to those questions are offered by agricultural economists at the University of Missouri’s Food and Agricultural Policy Research Institute, in their new study on Economic Impacts of Not Extending Bio-fuels Subsidies. during the past spring, both the National Cattlemen’s Beef Association and the National Pork Producers Council called for Congress to not renew the 51¢ blender’s credit on ethanol as well as the 54¢ per gallon tariff on imported ethanol. FAPRI looked at the impact of that action, as well as eliminating the $1 bio-diesel tax credit, “The ethanol tariff and biodiesel tax credit are set to expire in 2008, while the ethanol tax credit is set to expire in 2010. In the scenario, the export tariff and biodiesel tax credits are removed beginning January 1, 2009 and the ethanol tax credit is removed on January 1, 2011. The renewable fuels mandate set by the Energy Act of 2005 is assumed to remain in place. “
In summary, the outcome has a number of different elements… check them out!
Topics: Biofuel, Industry, Law |
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