This is a good thing for livestock producers, bad for crop farmers.
Check this out:
The U.S. Environmental Protection Agency announced it is reducing the amount of ethanol that must be blended into gasoline. EPA will require transportation fuel companies to blend 15.21 billion gallons of ethanol into the nation’s fuel supply in 2014, down from 16.55 billion gallons in 2013.
The reduced ethanol blending requirement reflects various concerns regarding fuel supply and the ethanol mandate. Gasoline demand has been lower than recent EPA forecasts, meaning less ethanol is needed to meet desired blending percentages. Also, advances in cellulosic ethanol and other next-generation ethanol sources are not occurring as quickly as EPA anticipated. Finally, a growing amount of data indicates ethanol is not as environmentally friendly as ethanol advocates claimed.