Corn Growers' Ron Litterer talks high corn prices, Bush admin's farm bill proposal
As President Bush makes a push for increased use of biofuels and alternatives, industry is responding by increasing production of corn and forging ahead with research and development of cellulosic technology. But will high corn prices turn Americans off to the president's alternative energy agenda? During today's episode of OnPoint, Ron Litterer, first vice president of the National Corn Growers Association and an Iowa corn grower, discusses the issue of corn prices and talks about ethanol subsidies and the ethanol import tariff. Litterer addresses whether or not the administration's farm bill is adequate in order to meet the aggressive targets set for alternative energy use.