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Industry Speaks out Against Ethanol Tax Credits

by 5m Editor
30 March 2010, at 11:15p.m.

US - A coalition of meat and poultry associations has provided a joint comment on the introduction of Pomeroy-Shimkus legislation to extend ethanol tax credits.

In response to newly introduced legislation from Representatives Earl Pomeroy (D-North Dakota) and John Shimkus (R-Illinois), that extends a key tax credit for corn ethanol and the 54-cents per gallon tariff on foreign ethanol, the following meat and poultry organisations provided comment.

J. Patrick Boyle, president and CEO, American Meat Institute, said: "Unfortunately, this bill continues the unfair support and protection corn-based ethanol has enjoyed for more than 30 years at the expense of the American taxpayer and the livestock and poultry producers who rely on corn for feed. It's time for the corn-based ethanol industry to stop using the American taxpayers as a crutch and finally compete on its own in our free market system."

George Watts, president, National Chicken Council, said: "Ethanol production has been subsidised for thirty years, and it is time for the industry to compete in the market-place without the high tax credits and import subsidies now being provided. The federal renewable fuels mandate provides a guaranteed market for ethanol, and that is all the support the industry needs."

Joel Brandenberger, president, National Turkey Federation, said: "The turkey industry supports the need to develop domestic sources of energy, but not at the expense of the hard-working Americans who raise and process meat and poultry or the American consumer. Affordable food is also a high priority. Food and energy should not be forced by government mandates to compete with each other for key inputs. Therefore, NTF supports eliminating or significantly limiting the blenders' credit and import tariff for ethanol."