The challenge of rising land values
By Greg Henderson
As potential impacts of the growing corn-ethanol industry become better known, diverse groups of livestock producers, environmentalists and others have begun to voice their opposition. Last month, BusinessWeek magazine published an article titled “Ethanol’s growing list of enemies.” NCBA president-elect and Texas Cattle Feeders Association past chairman Paul Hitch told BusinessWeek “This ethanol binge is insane,” adding that it will come at a severe cost to another part of the economy. Hitch says NCBA is reaching out to other groups to coordinate lobbying and other activities, and recently participated in a conference call with other livestock groups. Participants agreed to work together in arguing for elimination of domestic ethanol subsidies and tariffs on Brazil’s sugar-based ethanol.