Farmers concerned over changes in ethanol industry - WGEM.com: Quincy News, Weather, Sports, and Radio

Farmers concerned over changes in ethanol industry

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LIBERTY, Ill. (WGEM) - The EPA is proposing to lower the amount of ethanol gasoline producers are required to buy in order to match the declining demand, but it may end up hurting local farmers.

This month showed slowing progress for midwestern farms. Rural banks say that's partially because the EPA cut the amount  producers have to buy by three billion gallons.

"Anytime you have the government intervening with anything there's going to be unintended consequences," Mark Field of Farmers Bank of Liberty said. "If they no longer require the same percentage of ethanol use, obviously that will have a direct negative impact on the amount of corn used in that production and therefore that will have a dramatic affect on the crop prices."

Field said when farmers make money, they spend it, so all areas of the economy are likely to feel some negative affect from the declining crop prices.
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