The Chairman of Nestle, who just so happens to sit on the board of ExxonMobil, Peter Brabeck-Latmathe, lambasted global leaders for their support of “immoral” biofuel policies that are starving millions around the world earlier this week. In particular, he attacked the Obama administration for promoting corn-based ethanol and reserved no kind words for U.S. Agriculture Secretary Tom Vilsack who …
Grassley Hopes to Avoid Vote on Ethanol Tax Credit
Sen. Chuck Grassley (R-IA) is hoping to avoid a vote in the Senate on the amendment introduced last week by Sen. Tom Coburn (R-OK) that would repeal the Volumetric Ethanol Excise Tax Credit (VEETC). Grassley said today during his weekly agricultural media conference call that there are two ways the vote can be avoided. “Either talking him out of it, …
Whole New World of Corn
Everything you ever wanted to know about corn is contained in the latest edition of the World of Corn from the National Corn Growers Association. This year’s publication, available online now, highlights the wide variety of roles that farmers must play, from environmentalist to technology geek, in order to ensure that both their farm and their industry as a whole …
Governors Urge Change in Corn for Ethanol Reporting
U.S. governors from Washington to New York to Texas are asking Secretary of Agriculture Tom Vilsack to change the way USDA reports the use of corn for ethanol production. In a letter sent to Vilsack this week, the Governors’ Biofuels Coalition urged the change to reflect the fact that corn for ethanol usage produces livestock feed in the form of …
Ethanol Interests Urge Defeat of VEETC Amendment
Legislation that would immediately repeal the Volumetric Ethanol Excise Tax Credit, or VEETC, is drawing criticism from ethanol interests. U.S. Senators Tom Coburn (R-OK) and Ben Cardin (D-MD) this week introduced the repeal as an amendment to the small business reauthorization bill, currently under consideration in the Senate. “The ethanol tax credit is bad economic policy, bad energy policy and …
Kenny Wallace & RAB Racing Partner With American Ethanol
American Ethanol has officially become an associate sponsor of RAB Racing with Brack Maggard. The No. 09 Toyota Camry driven by Kenny Wallace will feature the American Ethanol logo on the hood of its car for the 2011 NASCAR Nationwide season beginning this weekend with the Feb. 26, BASHAS’ SUPERMARKETS 200 race at the Phoenix International Raceway. In Phoenix the …
Clinton Strikes Nerve with Ethanol Comment
Former President Bill Clinton struck a raw nerve with ethanol supporters with his comments at the U.S. Department of Agriculture’s annual Outlook Forum today. “We have to become energy independent but we don’t want to do it at the expense of food riots,” Clinton said, calling for a periodic reassessment of the industry “with 3-5 year time horizons based on …
NASCAR Season Kicks Off With Ethanol
Although ethanol’s “driver” Clint Bowyer didn’t win the Daytona 500 this weekend, ethanol scored a victory as the “The Great American Race” this past Sunday was the first time all the cars raced using Sunoco Green E15. There were more than 120,000 fans at the race and millions of fans watched the action on TV and witnessed the ethanol partnership …
Corn Forecast Bright for Ethanol
Corn stocks may be a little tight right now, but National Corn Growers Association CEO Rick Tolman thinks that is probably a short term situation “Still our biggest challenge is that we can overproduce the market,” Tolman said during an interview after a presentation at the National Ethanol Conference on Monday. “Farmers respond to incentives, there’s an incentive right now …
American Ethanol has NASCAR Racing Partner
American Ethanol has entered into a sponsor partnership with Richard Childress Racing and its No. 33 Chevrolet driver, Clint Bowyer, for the 2011 NASCAR Sprint Cup Series season. American Ethanol will be the primary sponsor of the No. 33 Chevrolet car at the June 5th Kansas Speedway 400 and an associate sponsor of the car for the rest of the …