CARD study concludes reduction in ethanol mandate would have minor impact on price of corn

Read the full post from Green Car Congress.

A working paper by Professor Bruce Babcock and Wei Zhou from the Center for Agricultural and Rural Development (CARD) at Iowa State University suggests that lowering the US ethanol mandate to a level that can be met solely with E10 would result in a lower price of corn of between 5 and 6%, or about 25 centers per bushel, compared to the status quo.

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