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Re: Ethanol revisited, again


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Posted by oldtanker on September 08, 2013 at 10:46:30 from (66.228.255.116):

In Reply to: Ethanol revisited, again posted by j hikemper on September 08, 2013 at 10:18:06:

Quoting Removed, click Modern View to see

Ethanol isn't giving them competition. Most of the time ethanol is more expensive for them per gallon than gas is. I'm talking about pre tax gas at a refinery. They are forced to blend that gas with ethanol costing us at the pump. I know the plant near me which didn't open all that long ago was up for sale and the state and county gave them money to keep operating for a while. Part of that money came from the federal government in the form of grants to the state and county.

People have attacked businesses getting tax breaks. OK, you live anyplace you can think of. Company comes in a builds a new plant because of tax breaks (that creates temp jobs building the plant, construction workers pay taxes). Say the bring in 100 new jobs that pay better than most local jobs. Those 100 employees are going to pay income taxes. The need for housing goes up again short term construction jobs. The additional construction for infrastructure. Water, gas, electric and sewage. Those tax breaks the company gets are generally for 5 years. That's a lot of money moving around and that's what the economy needs to be healthy. Now take a local farmer who applies for every program he can get (this is a guy I know). Farms about 1200 acres. Pretty good on maintenance but has a good shop and does most of his own work. May hire one of 2 guys on a temp bases for the max of 2 weeks at a time 2-3 times a year. Yea he spends money at the CaseIH dealer and for fuel but comes no where near what a small factory spends a month just on utilities. Which one is better for the economic health of the community? Now I'm not against farmers, I'm small time but I farm. Ethanol has been great for guy raising corn and employees at the plants but hasn't been real good for the rest of the country.

Rick


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