energy asnt - ethanol has created opportunities for huge...

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What incentives is the govermment giving corn farmers and ethanol producers? What are the potential advantages to using corn based ethanol? The gradual phaseout of lead in the 1970s and 1980s provided an additional boost to the fledgling ethanol industry. (Lead, a toxic substance, is a performance enhancer when added to gasoline, and it was partly replaced by ethanol.) A series of tax breaks and subsidies also helped. The push for ethanol and other biofuels has spawned an industry that depends on billions of dollars of taxpayer subsidies, and not only in the United States. Corn prices are much higher now which is good for corn growers
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Unformatted text preview: ethanol has created opportunities for huge profits for agribusiness, speculators, and some farmers The government has given corn farmers and ethanol producers numerous tax breaks and many subsidies. Also, they have set mandated amount of use so the market will not decrease any time soon. Plus the price of corn has risen which is a great thing for corn farmers and the agriculture business. The advantage of using corn-based ethanol is that it has created many opportunities for jobs in the agriculture industry. Plus there is more opportunity for more profits to farmers and ethanol producers....
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This note was uploaded on 11/08/2011 for the course PSC 103 taught by Professor Dedriclee during the Spring '11 term at Jefferson College.

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