WRITTEN BY JERRY JUNG ON MAY 23, 2022. POSTED IN LATEST NEWS
How Biofuel Subsidies Contribute To Rising Food And Fuel Prices
Let’s overlook the devastating impact that biofuel production has on our surface and groundwater. Let’s forget about the loss of tens of millions of acres of natural habitat and its calamitous impact on local and migrating biodiversity.
Let’s instead focus on the economics of biofuel subsidies and how it contributes to rising food and fuel prices. [bold, links added]
The most significant biofuel mandate applies to corn-based ethanol. The EPA, no longer constrained by legislation providing guidelines, has continued to increase the number of gallons of ethanol that must be blended into our gasoline supplies.
This year the EPA has mandated the production of 20,770,000,000 gallons of ethanol. A bushel of corn will make 2.75 gallons of ethanol and the average yield for corn is 177 bushels per acre.
https://climatechangedispatch.com/how-biofuel-subsidies-contribute-to-rising-food-and-fuel-prices/
