Ethanol makes no sense financially (for the country, for farmers it can be great), environmentally, and some people say it kills your gasoline engine when it is blended in. And yet the corn growers hold huge political sway and have been able to wrangle billions in subsidies for their crop.
That Iowa, where a lot of corn is grown holds the first presidential caucus has a lot to do with it.
Renewable-fuels advocates are promising to spend millions putting ethanol back in the debate forIowa’s first-in-the-nation caucus next year as cheap oil and setbacks in biofuels policy make the additive less central to voters.
Iowa Governor Terry Branstad, backed by state corn-grower and renewable-fuels associations and the Washington-based biofuels lobby Growth Energy, on Thursday formed America’s Renewable Future, to make the Renewable Fuels Standard an issue in the 2016 race. The Iowa caucus is set for early January.