The U.S. fuel ethanol industry has experienced phenomenal growth in recent years, with roughly a 3.6-fold increase in ethanol production since 2005 (RFA, 2012). A fuel blender’s credit (the Volumetric Ethanol Excise Tax Credit), a secondary tariff on imported ethanol, and mandatory use of...

New initiatives are needed in order to move the GATT negotiations forward. A Production Entitlements Guarantees (PEG) program would limit the quantity of production of individual farmers eligible to receive support payments. The payments would be tied to production. But the quantity of...