Obama’s Corn Ethanol Environmental Disaster
13th November 2013
The AP reports that the EPA bowed to lobbyist pressure and changed its assumptions, i.e., boosting its estimates of average yields to 230 bushels per acre and corn prices leveling off at $3.22 per bushel. In the 2013 bumper crop year, the U.S. Department of Agriculture estimates yields will be just over 160 bushels per acre and corn prices are currently around $4.30 per bushel.