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Biofuels groups are eager for clarity on the tax credits for fuels that combat climate change, which they hope will ultimately provide a pathway for corn-based ethanol to expand its market as a ...
Starting in the mid-1980s, as subsidy money trickled through the agricultural economy, farmers and food production companies discovered that, even when sale prices for corn were low, the ...
A one-year extension of federal farm programs, around $30 billion in economic relief and an agreement that would increase sales of a higher blend of ethanol, called E15, were part of a bipartisan ...
Also included is an amendment to the ethanol blender tax credit for general ethanol, reducing the tax credit from $0.51 to $0.45 per gallon (Section 15331). [9] Finally, Title XV extends ethanol import tariff of $0.54 per gallons from its original expiration date of the end of 2008 to the end of 2010 (Section 15333). [9]
Sugarcane ethanol has an energy balance seven times greater than corn ethanol. [101] As of 2007, Brazilian distiller production costs were 22 cents per liter, compared with 30 cents per liter for corn-based ethanol. [102] Corn-derived ethanol costs 30% more because the corn starch must first be converted to sugar before distillation into ...
In addition to being used as food, corn is a source of ethanol fuel, and the NCGA has provided standards and guidelines for farmers growing ethanol. [4]The NCGA has also advocated for continued support and subsidies from the United States government for the ethanol fuel program, citing studies on the benefits for fighting climate change of switching away from fossil fuels towards ethanol.
Agribusiness: a display of a John Deere 7800 tractor with Houle slurry trailer, Case IH combine harvester, New Holland FX 25 forage harvester with corn head. An agricultural subsidy (also called an agricultural incentive) is a government incentive paid to agribusinesses, agricultural organizations and farms to supplement their income, manage the supply of agricultural commodities, and ...
Extends the "farm bill," a package of farm subsidies, food benefits and other agriculture programs that otherwise would expire at the end of the year. ... Adding ethanol to gasoline is known to ...