Agricultural subsidies are being slashed at the USDA, but not because ethanol producers are going belly up.
It’s because ethanol is a good thing, and the government is giving it the benefit of the doubt.
In fact, the USDA is making a significant investment in ethanol research and development, according to an announcement from Agriculture Secretary Tom Vilsack.
The subsidy is going to support research that will make ethanol more widely available to the ethanol industry and more competitive.
“In a world where biofuels are increasingly a viable energy source, we are providing this subsidy to help support the development of ethanol production technologies,” Vilsak said in a statement.
He said the goal of the subsidy is to “make ethanol more accessible and affordable to the marketplace.”
This subsidy could help the ethanol market compete with conventional fuel sources and improve the competitiveness of the ethanol sector, which has seen a dramatic growth in recent years.
But ethanol has had a difficult time gaining traction in the United States.
It was the top biofuel fuel in 2015, but that was only the third year in a row that it’s been the top fuel.
The number of ethanol vehicles on U.S. roads declined to a record low in 2018.
The industry has been struggling with low production and a stagnant supply of corn and soybeans.
In 2016, ethanol production in the U.