Monday, March 12, 2018
Corn went from $2.00 per bushel to $8.00 due to the BUSH-ETHANOL MANDATE. The ripple effect of that idiotic ethanol-law was felt in the farming industry in ways most consumers found disconcerting. Hamburger went from 80 cents per pound to $2.00 per pound due to this IDIOTIC ethanol-law. As Senator Joni Ernst(R.Iowa) noted, "Ethanol keeps corn growing in Iowa and hamburgers off the menu." Adding to this frame...Senator Grassley(R.Iowa) said, "I don't own an outboard motor boat so I don't care if ethanol destroys boat engines."(WSJ A-17;03-12-18).