Let’s raise the blending limit – why? not because it is good for the environment, but rather it is because the ethanol industry has over-built and now faces excess production with nowhere to go. The federal government mandate for ethanol blending has generated plenty of demand, but the building of newer more efficient plants threatens the older ones and since they are still the majority – they must demand continued subsidies to stay in business.

This industry needs to realize that the new technology will force shutdown of the less efficient older wet and dry mill corn based plants and will make money even without subsidies.

It should be a free market at this point. Subsidies are no longer needed.