Ethanol Industry & Food Prices after Coming End to Volumetric Ethanol Excise Tax Credit

December 17th, 2011 by Zachary Shahan

Andrew Meggison of sister site Gas2 takes a closer look at speculations and stances following the coming end to the Volumetric Ethanol Excise Tax Credit (VEETC) in this repost below. I’ll just note that aside from ethanol production, extreme weather (likely worsened by global warming) has also had a noticeable effect on food prices in recent years. For sure, the record wet/dry extremes in the U.S. last year added a chunk to the the price increases mentioned on the bottom of this post.

Food Vs. Fuel And The End Of the Volumetric Ethanol Excise Tax Credit (via Gas 2.0)

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Tags: Ethanol, ethanol food, ethanol food prices, food, food prices, quickies, veetc, Volumetric Ethanol Excise Tax Credit

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Zachary Shahan spends most of his time here on CleanTechnica as the director/chief editor. Otherwise, he's probably enthusiastically fulfilling his duties as the director/editor of Solar Love, EV Obsession, Planetsave, or Bikocity. Zach is recognized globally as a solar energy, electric car, and wind energy expert. If you would like him to speak at a related conference or event, connect with him via social media. You can connect with Zach on any popular social networking site you like. Links to all of his main social media profiles are on ZacharyShahan.com.

Anonymous

That corn that is raised for fuel can’t be used for food (unless you count High Fructose Corn Syrup) as food.
- http://cleantechnica.com/ Zachary Shahan
  
  Good point. Is there any evidence it is using land that would be used for food, though? (Honestly asking, as I don’t know enough about this topic to have an opinion on it.)
  - Anonymous
    
    Well, it’s good productive farmland. Without government subsidies, farmers will have to look to other crops.
Anonymous

Will GMO corn fuel ethanol welfare to Big oil refiners and Government motors affect the beef?