Washington Times editorial: Stop ‘Big Corn’ — Ethanol subsidies drive up gas and food prices

According to the University of Missouri’s Farm and Policy Research Institute, the ethanol tax credit increases corn prices by 18 cents a barrel, wheat by 15 cents and soybeans by 28 cents. That means higher prices for most food items at the grocery store and restaurants.

There simply is no justification – environmental or otherwise – for this interventionist scheme. With the economy reeling, consumers can no longer afford to bankroll the politically connected agricultural lobby. The EPA should reject the 15 percent ethanol requirement and Congress should send Big Corn’s rent seekers elsewhere with the repeal of all ethanol subsidies.

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