Iowa State study finds US ethanol policies saved government $2.65 billion in 2007

An Iowa State research team has investigated farm subsidies, farm income, and ethanol mandates, incentives and tariffs. The conclusion: ethanol policies have saved the US government $2.65 billion in 2007, because farmer support payments that would have been due under other legislation would have been higher than the ethanol supports received by farmers. The rise in corn prices eliminated the requirement to make other support payments.

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