Ending ethanol tax credits would have slight effect on prices, study says

A study from Iowa State University says that eliminating the 45-cent-per-gallon tax credit for ethanol blenders would not significantly alter U.S. corn and ethanol prices in 2011. If the incentive is not renewed when it expires Dec. 31, the price for a bushel of corn would fall by 23 cents, and a gallon of corn ethanol would cost 12 cents less in 2011, according to the study, which was paid for by the Brazilian sugar cane industry group UNICA.

View Full Article in:

Des Moines Register (Iowa) (tiered subscription model), The

Published in Brief: