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Corn Farmers Hope to Hold On to Ethanol Mandates

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The price of corn futures slid sharply yesterday on the Chicago Board of Trade. It closed near 6-bucks a bushel for the first time in months, partly thanks to better weather. That's still about three times what corn cost a couple of years ago. Those prices have helped drive a global food crunch, and a lot of people are laying blame on ethanol. Many livestock farmers certainly do. They, along with the governor of Texas, are calling on the U.S. Environmental Protection Agency to drastically cut back ethanol mandates. The feds have to rule on the request this week. But corn farmers aren't ready to relinquish those mandates.

Adam Nielsen of the Illinois Farm Bureau explains how this decision affects farmers.

Music Button: Eric Lugosch, “Kind Heroes”, from the CD Kind Heroes, (Acustic Music)

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