NPPC Opposes USDA Ethanol Aid Proposal

摘要

The U.S. Department of Agriculture (USDA) is proposing to bail out some ethanol companies that speculated on rising corn prices and lost when futures prices dropped by half. Plants could be eligible for government refinancing or loans to offset theirbad decisions, says USDA Secretary Ed Schafer. "There's going to have to be some credit applied to companies to buy some lower-priced corn to blend with their higher-priced corn," he adds.