4/12/2010

Elimination of ethanol-related incentives that are scheduled to expire this year would be "a misguided policy," said Todd Sneller, an executive with the Nebraska Ethanol Board. This statement comes after a study prepared by IHS Global Insight showed that ending the import tariff on ethanol could cause corn prices to fall by 30 cents per bushel and result in layoffs of as many as 160,000 workers. Another study, conducted by Entrix for the Renewable Fuels Association, found that removing the ethanol tax credit could lead to 112,000 layoffs and cut the industry's output capacity by 37%.

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