Agricultural News
Livestock Interests Continue to Question Concept of Having Enough Corn for Feed and Fuel
Fri, 14 May 2010 5:57:03 CDT
The American Meat Institute's Dave Ray is not buying what Ethanol proponents are saying when they contend that with last year's large corn crop, plus early projections of another thirteen billion bushel corn crop headed our way in 2010, that we have plenty of corn for both fuel and feed. (The picture here of corn growing in central Oklahoma as of May 13 reminds us that this crop is nowhere close to being made.)
Ray says that with the tax credits that have been in place for 30 years, ethanol has a safety net of having enough corn even if we have a shortfall, but that livestock producers will be left holding the bag filled with high prices for feed the next time we come up with a shorter crop. Ray says the AMI and other groups in the livestock industry are calling on Congress to not renew a couple of key tax credits for ethanol- and Dave Ray claims that this would level the playing field between various users of corn. Click here to read the letter sent by the livestock interests to House Ways and Means Committee Leadership.
Ray says that the AMI is concerned about the tone of this policy discussion, reminding one and all that after this debate is long gone- that livestock producers will remain the top customer for US Corn farmer.
We hear from Dave Ray of the American Meat Institute on today's Beef Buzz.
The Beef Buzz is a regular feature heard on radio stations around the state on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the listen bar below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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