Senate Bill 11 proposes rescinding Missouri's ethanol mandate. This entire subject is a perfect example of Thomas Sowell’s famed statement about public policy, “There are no solutions, only trade-offs.” Corn farmers gain from ethanol production, as do investors in ethanol plants. Missouri has a large number of corn farmers, as you well know. The argument has been made that ethanol has resulted in lower visible gas prices at the pump. In immediate terms, that seems to benefit Missouri drivers.

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Full Testimony (PDF)