Should the Ethanol Mandate, Tariffs and Subsidies Be Allowed to Continue

The US Government boosts 

ethanol production through

tariffs and subsidies

Photo Credit: bits4beats / pixabay.com

Talks on the allocation for ethanol tariffs and subsidies will heat up once more as they are due to expire this year. With the current high prices of food products as a result of the nearly 40% allocation of corn for producing ethanol, will it be wise to remove the mandate to reduce this? With policy makers and concerned groups lobbying for the removal of the tariffs and subsidies on ethanol, what would happen if they are allowed to continue?

Reducing Ethanol Tariffs to Combat High Prices

Developing ethanol for electricity generation

is a way to lessen the 

nation's dependence on fossil fuels

Photo Credit: LuckyLuke / pixabay.com

Postponing the development of ethanol may have adverse consequences in the future. If we stick with using fossil fuel and not develop any infrastructure for alternative fuel, and if fossil fuel prices go up, which is very likely in the future, the economy may be placed at a large risk due to the dictates of the prices of alternative fuel should the country not have one fully developed at that time.