Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Ethanol cos. hurt by prices may get help from USDA

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
4dsc Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-19-08 10:06 AM
Original message
Ethanol cos. hurt by prices may get help from USDA
More bailout money needed here..

The Department of Agriculture may use its rural development money to assist ethanol plants that have suffered losses in the volatile corn futures markets, said Agriculture Secretary Ed Schafer Friday in Des Moines.

“Some plants are under pressure because they’ve been speculating on corn,” said Schafer to reporters after speaking to the World Food Prize symposium breakfast.


The secretary said the department wouldn’t buy or sell grain or cover trading losses. Rather, he said, money could come from the USDA’s Rural Development Administration which can provide up to $25 million in assistance to keep rural businesses operating.


http://tinyurl.com/5zbql4
Printer Friendly | Permalink |  | Top
rurallib Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-19-08 10:16 AM
Response to Original message
1. This is not corporate socialism
it just looks walks and quacks like it.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Thu Apr 25th 2024, 12:34 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC