End is nigh for ethanol blenders' credit Jeff Caldwell

Agriculture.com
12/29/2011 @ 11:26am
Jeff Caldwell
Multimedia Editor for Agriculture.com and Successful Farming magazine.

In June, the U.S. Senate voted toe nd the ethanol blenders' tax credit, a move decried by some ag groups and shrugged off by others.

Now, that tax credit, formally known as the Volumetric Ethanol Excise Tax Credit (VEETC) is slated to end with the end of calendar year 2011. With it will go the 54-cent-per-gallon tariff on imported ethanol. Ethanol industry groups were understandably upset with the decision, while cattle industry groups, namely the National Cattlemens Beef Association (NCBA) called it a "giant step toward leveling the playing field for a bushel of corn."

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