CNBC video: now that we have ethanol, is Farm Aid still necessary?
I love Willie Nelson and Farm Aid, but this year's Farm Aid is, well, a little pointless. Prices for wheat and corn are up a lot. Production of corn is at the highest level in history. The farm belt is becoming the new middle east so it's kinda hard to talk about the struggling farmer. Ethanol is not going away with promises like 20 percent of gas from ethanol by 2017 by Bush and many other promises from other politicians. Does the farmer really need aid anymore? Some studies are even starting to say ethanol can do without the subsidies. What do you think? Which ever side of the fuel vs food debate you are on, do you feel sorry for business prospects of the average farmer?
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