27 May '11, 1pm

INFOGRAPHIC: The Corn Mob - see who would benefit most from keeping ethanol subsidy alive (OnEarth)

INFOGRAPHIC: The Corn Mob - see who would benefit most from keeping ethanol subsidy alive (OnEarth)

More from OnEarth Web Exclusive : You Want Superbugs With That? Inside NRDC : NRDC: Suing to Stop Superbugs Reviews : The Beekeeper's Lament More from NRDC Switchboard: NRDC experts Nathanael Greene and Sasha Lyutse blog about ethanol subsidies Often used to help emerging industries grow and prosper, subsidies can be a valuable tool for governments. In 1979, the Carter administration began to subsidize corn ethanol for two reasons: the oil crisis had spurred the search for alternative fuels, and farmers needed new markets to absorb record corn surpluses. Farmers and ethanol blenders benefit from three different forms of support: tariffs on imported ethanol; the federal renewable fuel standard (RFS), which mandates a rising volume of corn ethanol in gasoline; and, most important, a tax break known as the Volumetric Ethanol Excise Tax Credit, or VEETC. Subsidies should becom...

Full article: http://www.onearth.org/article/the-corn-mob

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