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Misplaced Priorities; Ethanol Promotion and its Unintended Consequences.

When the state of Iowa becomes a priority in the US presidential election, it is only a matter of time before agriculture dominates the discussion. Indeed, US presidential candidates Hillary Clinton, John McCain, and Barack Obama all brought out their metaphorical overalls to sing praises of corn farmers before the February caucuses. Such kowtowing to Iowa's farmers has become a quadrennial tradition in the United States, where federal corn subsidies totaled US$37.3 billion from 1995 to 2003. The United States' funding of corn farmers stems largely from precedent, a desire to keep the heartland happy, and perhaps even a romanticized conception of small farmers. However, the ...

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