Sunday, February 13, 2011

Ethanol is 'good, good, good,' Grassley says

"He said ethanol has been used as a scapegoat by food manufacturers to raise food prices, and that oil companies also have been trying to reduce ethanol production for their own business interests. "For farmers and for jobs, everything about ethanol is good, good, good," Grassley said. "And now it's a little irritating for me to find some agricultural groups, some livestock groups, that are complaining about it ... But most of those agricultural interests are not family farm interests." Following a report this week that U.S. corn reserves have hit their lowest level in more than a decade, analysts...

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