Government payments to corn growers have plummeted to their lowest levels in years, thanks in part to the expansion of ethanol production under the Renewable Fuel Standard, writes Geoff Cooper, vice president of research and analysis at the Renewable Fuels Association. Since the expansion of the RFS in 2007, corn production has become profitable and government payments to corn growers have dwindled, saving taxpayers' money, Cooper notes. "[G]overnment payments to corn farmers in 2012 are forecast to be their lowest in 18 years and less than one-quarter of 2006's outlays," Cooper writes.

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