US Shifting Ethanol Sudsidies to Infrastructure

The Obama Administration and the biofuel industry are beginning to move away from traditional tax incentives for corn-based ethanol, according to a report in the New York Times.

Agriculture Secretary Tom Vilsack told the National Press Club yesterday that subsidy changes may be coming soon.

The USDA has already announced new incentives for non-foodstock biomass crops, as well as funding for 10,000 pumps and storage tanks nationwide to accomodate higher ethanol-blends of gasoline.

The American Coalition for Ethanol, Growth Energy, the Renewable Fuels Association and the National Corn Growers Association reportedly are working on a long-term policy road map that includes a shift in subsidy support to infrastructure.

Read the full story at the link below.

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