Damned right there! Making Ethanol from corn is flat out STUPID! Costs more than it's worth!
Ethanol has it completely backwards. They grind the corn, ferment it, then sell the left over stillage and DDG's.
What really needs to be done with corn products is to break the protein, fat, and carbs down into separate components up front and sell them each into their respective markets.
Not only do your make profit on three different products, but if you can break the carbs into simple sugars you can ferment them into all sorts of biochemicals with much higher value than ethanol.
The tech is in it's infancy but out there, it's just getting minds to change to be willing to take a risk on it. If someone would put the effort and money into it and it be successful, it would radically change the ag industry.
The ag community can be the some of the sharpest businessmen around, yet monumentally stupid at the same time.