Money and Finance
- Usda Estimates Of Corn And Soybean Production Drop As Drought Takes Its Toll On Farmers
For related commentary, I highly recommend reading Jeremy Grantham’s latest letter. The government slashed its expectations for U.S. corn and soybean production for the second consecutive month Friday, predicting what could be the lowest average corn...
- Archer Daniels Midland Stock Analysis
It's been a while since I've post a stock analysis so today we'll look at one of my recent buys from last week, Archer Daniels Midland (ADM). Archer Daniels Midland closed on Friday, August 17th at $26.17. Company Background: Archer-Daniels...
- Recent Buy - Kinder Morgan (kmi)
Today I purchased another 31 shares of Kinder Morgan (KMI) at $37.46 which now gives me a grand total of 93 shares. I would have loved to buy this at the prices we saw in April but KMI has been on a roll as the rest of the markets seem to have been. This...
- Recent Buy - Kinder Morgan Inc. (kmi)
Recently I initiated a new position in Kinder Morgan Inc. (KMI). I purchased 31 shares at a price of $35.40 which was $1097.40 total. There's been some weakness in the stock since July and it looked to be a good time to jump in at this point so I...
- Recent Buy - Archer Daniels Midland Company (adm)
Hi Everyone, Another purchase is in the books! Like I said in the last post, I put a good chunk of change to work in the past week. The only way to get closer to the American Dividend Dream is to keep buying high quality companies and letting...
Money and Finance
Congress ends corn ethanol subsidy
Found via The Big Picture. Charlie Munger's comments on ethanol from the 2007 Berkshire Annual Meeting: “I think the idea of running cars on ethanol in one of the dumbest ideas I’ve ever heard.”
The United States has ended a 30-year tax subsidy for corn-based ethanol that cost taxpayers $6 billion annually, and ended a tariff on imported Brazilian ethanol.
Congress adjourned for the year on Friday, failing to extend the tax break that's drawn a wide variety of critics on Capitol Hill, including Sens. Tom Coburn, R-Okla., and Dianne Feinstein, D-Calif. Critics also have included environmentalists, frozen food producers, ranchers and others.
The policies have helped shift millions of tons of corn from feedlots, dinner tables and other products into gas tanks.
Environmental group Friends of the Earth praised the move.
"The end of this giant subsidy for dirty corn ethanol is a win for taxpayers, the environment and people struggling to put food on their tables," biofuels policy campaigner Michal Rosenoer said Friday.
The subsidy has provided the oil and agribusiness industries with 45 cents per gallon of ethanol blended into gasoline. By some estimates, Congress has awarded $45 billion in subsidies to the ethanol industry since 1980.
- Usda Estimates Of Corn And Soybean Production Drop As Drought Takes Its Toll On Farmers
For related commentary, I highly recommend reading Jeremy Grantham’s latest letter. The government slashed its expectations for U.S. corn and soybean production for the second consecutive month Friday, predicting what could be the lowest average corn...
- Archer Daniels Midland Stock Analysis
It's been a while since I've post a stock analysis so today we'll look at one of my recent buys from last week, Archer Daniels Midland (ADM). Archer Daniels Midland closed on Friday, August 17th at $26.17. Company Background: Archer-Daniels...
- Recent Buy - Kinder Morgan (kmi)
Today I purchased another 31 shares of Kinder Morgan (KMI) at $37.46 which now gives me a grand total of 93 shares. I would have loved to buy this at the prices we saw in April but KMI has been on a roll as the rest of the markets seem to have been. This...
- Recent Buy - Kinder Morgan Inc. (kmi)
Recently I initiated a new position in Kinder Morgan Inc. (KMI). I purchased 31 shares at a price of $35.40 which was $1097.40 total. There's been some weakness in the stock since July and it looked to be a good time to jump in at this point so I...
- Recent Buy - Archer Daniels Midland Company (adm)
Hi Everyone, Another purchase is in the books! Like I said in the last post, I put a good chunk of change to work in the past week. The only way to get closer to the American Dividend Dream is to keep buying high quality companies and letting...