corn

Opponents make compelling case but can’t derail or even slow this well-protected industry.

Ex-Grassley aide will now help Big Corn and Big Biodiesel retain their mandates and subsidies.

As subsidies continue to enrich the rich, it’s time to radically reform U.S. farm programs.

On the campaign trail, Donald Trump promised he would stimulate the economy by lifting job-killing regulations and mandates on the energy industry that hurt American workers and consumers.

Hillary Clinton and Donald Trump don’t agree on much, but they see eye-to-eye on the Renewable Fuel Standard. Too bad they’re both wrong.

Let’s end the perpetual re-run.

The Renewable Fuel Standard (RFS)—also known as the ethanol mandate—was passed by Congress in 2005 and expanded in 2007. Regardless of market conditions, it required ever-increasing quantities of biofuel be blended into the nation’s gasoline supply—though the Environmental Protection Agency (EPA) does have the flexibility to make some adjustments based on conditions, such as availability and infrastructure.

It’s planting season, and farmers are taking to the fields to put food on our tables. Even though Ted Cruz has withdrawn from the presidential race, his victory in the Iowa Caucuses caused political pundits of all stripes to speculate about the future of the Renewable Fuels Standard (RFS) and the corn ethanol mandate, largely because someone, Cruz, had finally campaigned against the ethanol mandate and managed to win in Iowa. While some wonks in Washington, DC may talk about a political end for the ethanol mandate, for the nation’s farmers, the biofuel bubble has already burst.

In today’s edition of The Heartland Daily Podcast, Ryan Yonk, Assistant Research Professor in the Department of Economics and Finance at Utah State University and Executive Director of Strata Policy, joins host H. Sterling Burnett to talk about a study he and his colleagues at Strata and Utah State have produced – an in-depth analysis of the economic impact of renewable fuel mandates.

The Department of Energy announced state revenue from severance taxes dropped as the price of crude oil falls below $30 per bushel. The following charts show tax revenue for 6 states.