The very fact that the bu$h administration thinks Ethanol from corn is a good idea should tell you something.
There are other much better crops to turn into Ethanol, such as sugar beets. We grow sugar beets up here and every year we let the excess rot in the ground. Last fall it was over 10% of the crop. Some years it has been as high as 15%. The farmer wasted time, energy and money growing these extra beets. He does not get reimbursed for whatever Crystal Sugar decides they don't want. The farmer has to suck it up once again because he is under contract to American Crystal Sugar to plant X number of acres.
The following is for American Crystal Sugar only. This doesn't include the rest of the sugar producers in the country. To give you a rough idea, 10% of 9.6 million tons is 960,000 tons of sugar beets left to rot in the Red River Valley alone. Crystal Sugar does this every year.
Comparison of the Years Ended August 31, 2006 and 2005The harvest of the sugarbeet crop grown during 2005 and processed during fiscal 2006 produced a total of 9.6 million tons of sugarbeets, or 19.0 tons of sugarbeets per acre from 507,000 acres. This represents a decrease in total tons harvested of 5.8 percent compared to the 2004 crop.
http://sec.edgar-online.com/2006/11/29/0001104659-06-078255/Section12.aspSouth American uses sugar cane, not food crops for its Ethanol.