Ethanol Subsidy Hurts Farms, Environment

From the days of the Reagan presidency, the conservative approach to energy policy has been straightforward: Create broad incentives for investment in the infrastructure required to generate safe, clean energy; keep a level playing field between the various sources of supply; set sound standards for protecting the environment; and then get the government out of the way. Allowing markets to set fair prices for an important commodity drives capital to the most promising sectors, encourages innovation and fairly rewards productivity gains.