1. Corn is part of the energy solution!
2. It is a Food AND Fuel discussion, not an either/or decision- every bit of the corn kernel is used
3. Ethanol is a homegrown fuel produced here.
It is good for the environment, lessens our dependence on foreign oil, and helps our economy.
Environment:
§ Ethanol is renewable
§ Ethanol has been proven to decrease harmful emissions
§ Farmers are stewards of the land they use to produce crops- using technology, equipment, and conservation to increase their efficiency
Energy Independence:
§ Ethanol saves billions of dollars-
§ Oil has increased over 4,000% in the last 50 years, while corn prices have increase just over 200%
Economy:
§ Ethanol saves consumers around 45cents per gallon
§ If ½ of the ethanol in the US was replaced it would increase your pump prices to $5.00 today
§ Iowa is one of only a few state who are not in recession due to a striving agricultural economy
§ Americans only spend 10% of their disposable income on food and that is changing according to recent reports
§ Encouraged by higher commodity prices, farmers in Thailand and Vietnam are planting more crops and farm wages have increase in many countries