February 3, 2012

A Bill to end future ethanol subsidies

A bill that would end future state subsidies for corn-based ethanol is in the California Senate after sailing through the Assembly.

The bill by Assemblyman David Valadao, R-Hanford, would bar any funding from the Alternative and Renewable Fuel and Vehicle Technology Program for corn conversion after July 1, 2013, when current funding is set to expire.

"We’re thrilled that (the state bill) looks like it’s headed for passage, and we hope once it does pass that the governor signs it quickly," said Michael Marsh, CEO of Western United Dairymen. "It’s just another one of the legs in that stool that we’re trying to knock out to bring some relief to producers from an increase in corn prices."

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