Believe me, being from a rural state like Nebraska, I'd love to see anything that would strengthen the farmer, particularly the family farmer. Anything to increase demand for corn, soybeans, wheat, you name it, would be a GOOD think IMHO.
Farmers only get about a nickel from the sale of a loaf of bread and not much more from a box of cereal.
However, if we burn 10 gallons of diesel to produce say 6 gallons of ethanol, have we really gained anything?
Low grades of corn go into the production of ethanol for the most part which is obviously good because it is not going to waste and will produce some kind of income. But around here, it seems that ethanol plants don't get off the ground without tax breaks and ethanol blends are not competitive unless subsidies are involved.
It's all too artificial for this ol' farm boy.
Overproduction has long been the problem for American farmers. That's why the CRP program was brought about. The fact that it's good for the land and wildlife is secondary.
Maybe the Aitkens craze will increase the demand for beef and more corn and soybeans will go to feed and boost prices and demand.
I can only hope.
Let's hear it for the American Farmer!! God bless 'em!
Tim