LAST WEEK WE HAD MASSIVE
RESPONSE FROM OUR STATEMENT
LAST WEEK.
>> THE FEDERAL GOVERNMENT
FORCES ENERGY COMPANIES TO
PRODUCE A CERTAIN AMOUNT OF
ETHANOL EVERY YEAR.
THEY CALL IT THE RENEWABLE
FUEL STANDARD.
IF THEY WERE BEING HONEST THEY
WOULD CALL IT HELPING THE
ENVIRONMENT.
ETHANOL IS JUST ONE OTHER
EXAMPLE.
GUESS WHO GETS THOUSANDS OF
DOLLARS IN DONATION FROM PRO
ETHANOL COMPANIES AND INTEREST
GROUPS.
STEP FORWARD JONI ERNST.
HOW DARE SHE USE HARD-WORKING
FARMERS IN IOWA TO COVER UP
HER CORRUPTION.
THIS IS IT.
HERE'S WHAT WE SAID IN SWAMP
WATCH.
IT HURTS CONSUMERS BY RAISING
PRICES ON THE GASOLINE AND THE
GROCERIES.
NUMBER TWO, IT HURTS SMALL
REFINERS WHO DO NOT HAVE THE
INFRASTRUCTURE TO MIX ETHANOL
AND HAVE TO PAY LARGE REFINERS
TO DO IT FOR THEM.
COMPANIES AND ORGANIZATIONS
THAT MAKE MONEY OFF ETHANOL BY
THE SUPPORT THAT KEY
POLITICIANS ARE SPENDING
MILLIONS OF DOLLARS LOBBYING
TO KEEP THE REGULATION AND
PLAY SPREAD MANY POINTED OUT
THE BIG OIL COMPANIES SPEND
EVEN MORE MONEY ON LOBBYING
AGAINST ETHANOL AND THAT IS
ABSOLUTELY RIGHT.
OIL IN THE NEW YEAR.
KEVIN FROM THE NATIONAL CORN
GROWERS ASSOCIATION.
THANK YOU SO MUCH FOR JOINING
ME.
VIEWERS WILL BE INTERESTED IN
WHICH IS, I'VE HEARD SO MANY
ARGUMENTS FROM YOU AND THOSE
WHO SUPPORT THIS REGIME AROUND
IF IT'S A POSITIVE, WHY DOES
IT NEED SO MUCH GOVERNMENT
SUPPORT?
>> STEVE, THE MARKET IS NOT
COMPETITIVELY FAIR WHEN YOU
RENEWABLE FUELS THAT ARE
RELATIVELY NEW COMPARED TO
GASOLINE AND OIL HAS BEEN
AROUND FOR DECADES AND DECADES
, 103 YEARS WORTH OF SUBSIDIES
THAT THEY'VE GOT GOING BACK,
AND SO, WERE NOT TALKING ABOUT
APPLES TO APPLES.
THERE'S YOUNG INDUSTRIES AND
OLD INDUSTRIES THAT ARE STILL
GETTING TAX SUBSIDIES.
>> I COMPLETELY AGREE WITH YOU
ABOUT SUBSIDIES ELSEWHERE IN
THE ENERGY SECTOR.
WE DID A SWAMP WATCH VERY
EARLY ON IN THE LIFE OF THE
SHOW ON A RANGE OF SUBSIDIES,
THE GREEN ENERGY COMPANY.
I COMPLETELY AGREE ABOUT THAT,
BUT TWO WRONGS DON'T MAKE A
RIGHT.
WHY DOES THE ETHANOL INDUSTRY
NEED TO BE PROPPED UP?
IT'S NOT DIRECT SUBSIDIES, I
AGREE WITH YOU THERE, BUT IT'S
ALL THESE REGULATIONS THAT
REQUIRE, AND IT SUSTAINS THE
MARKET.
IT COULDN'T SURVIVE ON ITS
OWN.
ANY BIOFUELS WHATSOEVER.
IF YOU LOOK AT THE OTHER ONES
GOING BACK, THEY STAY IN PLACE
FOR A NUMBER OF YEARS, BUT
BIOFUELS IN GENERAL AND
ETHANOL, THEY'D STAND ALONE,
IT'S ALSO NOT A PLACE ONLY AS
BIOFUEL STANDARD BUT IT'S
THERE FOR THE ECONOMY.
IT HELPS FARMERS OUT THERE WHO
HELP SUPPORT PRODUCTS WERE
PRODUCING.
WERE TALKING ABOUT REFINING
AND EGG PROCESSING.
ANYTIME YOU CAN ADD VALUE, IF
WE CAN ADD VALUE AND PROCESS
IT HERE, THOSE ARE GOOD
ECONOMIC DRIVERS.
IT'S CREATED MORE DIFFERENT
CHOICES FOR CATTLEMEN AND HOG
FOLKS.
THAT BUT I JUST WANT CONCLUDE
THAT WHAT SHOULD BE THE FOCUS
FOR ALL OF US, WHAT SHE WOULD
REALLY CARE ABOUT OTHER
FARMERS, SMALL FAMILY FARMERS
AND THOSE TRYING TO EARN A
LIVING.
THAT'S WHAT POPULACE IS ALL
ABOUT.
HOW MUCH OF THE CORN THAT'S
GROWING GOES TO ETHANOL?
HOW CAN WE AND THIS RELIANCE
ON THIS AND ENSURE A FUTURE
LIVING FOR FARMERS ACROSS
AMERICA, JUST IN IOWA BUT
THROUGHOUT THE COUNTRY.
>> THIS IS CERTAINLY HELPING
ENSURE FARMERS MAKE A GOOD
THAN DOING IT THROUGH THESE
GOVERNMENT REGULATIONS.
>> AROUND 40% GOES TO ETHANOL
RIGHT NOW, BUT WITHIN THAT
THERE'S A WHOLE LOT OF CORN
THAT COMES BACK.
THEY USE C GRAINS GOING INTO
THESE OTHER FEED USES FOR
CATALOGS AND POULTRY SO IS
JUST ONE OF THE MANY TOOLS TO
HELP FARMERS.
IF YOU REALLY LOOK AT IT, WE
NEED ALL KINDS OF DIFFERENT
THINGS TO HELP EGG PRODUCTS
OUT THERE.
>> I AGREE.
>> THIS IS A GREAT TOOL IN THE
TOOLBOX AND IT'S ONE OF THE
THINGS THAT WE NEED TO
RECORD CORN CROP, THE BIGGEST
ONE WE'VE EVER HAD, THIS YEAR
WAS CLOSE AND EVEN IN TOUGH
TIMES, WE'VE BEEN THROUGH IN
TEN YEARS OF THE STANDARD,
WE'VE HAD GREAT CROPS FOR A
LOT OF IT IN ONE YEAR.
OUT OF TIME.
I DO APPRECIATE YOU COMING ON
AND AS I SAY, I THINK WE CAN