Last week, the US Senate passed a measure that would repeal a 45 cent per gallon subsidy to ethanol blenders, a move proponents say would trim three billion dollars off the federal budget.
What does that mean for area grain producers? Not much, according to Scott Stabbe, Grain Division Manager at Key Cooperative.
He says the affected tax credit would simply add to the cost of blending ethanol fuels, a cost that would likely be shifted to the consumer.
Stabbe adds the amendment the Senate voted on is attached to a larger economic development package that faces an uncertain future in the Legislature.