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Posted By: longtimefan on August 02 2012 at 11:29:18 AM
I don't have time to go into all the details now but do the ethanol opponents realize that 38 pounds of every 56 pound bushel of corn used for ethanol is still fed to livestock. All the ethanol process removes from corn is the starch, the remaining distillers grain is then fed. No, corn supplies would not be ok without ethanol. In fact without ethanol everything that is soybean based would go even higher than it is going to go.
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Actually its around 17 lbs of dried distillers grains produced / bu of corn used for ethanol.
You can spin ethanol any way you want to but it reduces the amount of feed that is available for producing things that can be eaten, ie meat, eggs, dairy, corn flakes, even things like bread that contain wheat because of the wheat that will be used for feeding livestock.
And that is coming from a corn/soybean farmer.
Things like bread and corn flakes might only go up 20 or 30 cents due to the increased cost of the wheat/corn but beef/pork/chicken will need to go up much more to keep producing those products.
When corn was in surplus ethanol made sense, when the corn supply is short it's not that great of an idea.
Anyway back to the topic of racing, hopefully you guys get to see the races every night and from 2 am to 8 am it rains an inch every night across the entire corn belt.
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