Ethanol and farmers profits

Originally posted by Chaswray
Could you post a link to your statement that the bushel price has doubled in the last year. The price here in the states has gone up about 2USD/bu. over the last few years, hardly doubled and a lot of that can be blamed on increased production/distribution costs due to increases in the price of oil.
Futures for the bushel price for this year are actually d ...[text shortened]... raised the price to encourage more production due to recent drought, not for ethanol processing.

The bushel price came up in conversation (hell, I have an interesting life). Perhaps I misunderstood