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Ethanol giveth, ethanol taketh
September 09, 2010
The tax subsidies for ethanol are often defended because they are supposedly good for the farmers. But maybe not for farmers who sold corn to the now-bankrupt ethanol producer Verasun. The bankruptcy trustee now threatens to force farmers to return "preferential" payments they received for corn from Verasun. Roger McEowen of the ISU Center for Agricultural Law and Taxation explains the issues, and why farmers who get letters from the trustee need to act. Paul Neiffer has more.
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