Articled Has Flawed Premise Harold Smith 05/29/2012 @ 3:27pm The premise of this article is that the corn ethanol industry needs E15 to survive. It doesn't. It's already mandated. The author doesn't seem to understand that. Furthermore corn ethanol is definitely a product that the average consumer DOES NOT WANT. The only reason it exists is so that farm state votes can be bought off. If there is too much corn ethanol sloshing around, then maybe the industry will consolidate. Who cares, that is how business works. It's not the governments job to ensure that every corn ethanol outfit that starts up stays in business. Also, if technologies like those being produced by KiOR, Joule and others displace corn ethanol completely, that's great in my mind because it means they can do it cheaper better and without government support. If you are a farmer who built a business around 8 dollar corn its not the taxpayers problem to bail you out. Around here there are tons of farmers paying 50 times cash rent to buy farm ground. I smell a lot of bankruptcies in the future, because these operations are "houses of cards" that were built on the corn ethanol fraud. The author has been reporting to us month after month for a few years how great of an investment farmland is but the tide is turning. What happens when interest rates are 8 percent and corn ethanol demand has been obsoleted by advanced biofuels? That day is coming my friends and I have been diligently saving for it. We could see Illinois/Iowa farmland in the $2-4K per acre range again and that will be the time to buy.