Washington finally ends corn ethanol subsidy

Corn-based ethanol is a controversial form of biofuel because it competes with food production and yet for the last 30-years the American Congress listened to the corn lobby and continued to pay subsidy for it just to make sure that the vast farms of the midwest continues to be profitable.

Finally this year, Washington decided not to continue with the ethanol subsidy.

While this may seem like an inconsequential blip on the environmental radar of most people, it is a significant development as it helps to separate edible oils and food-based ethanol from the fuel industry and help to reduce price pressure on essential grains like corn.