I think Iowa can be the tip of the spear. We have a unique opportunity.

If you had to replace the ethanol used today with crude oil, there would be at least a 30 percent increase in the cost of gasoline, ... Because ethanol is sold under long term contracts under a fixed price, the ethanol being put into gasoline today is the same price as it was three months ago.

Generally speaking, the proposals fall into three categories.

The House plan doesn't have any accountability and has a lower standard. I don't think it's very aggressive at all.

There's no doubt that as ethanol use and ethanol production continues to grow that's going to put an upward pressure on corn prices.

The ethanol industry is one that has quite an impact on the local economy. One-third of all the gasoline in the country contains ethanol. What's more ethanol is added at local terminals. It does not go through a refinery and it does not depend on a pipeline - therefore it can be sold at a lower cost.

We are proud to welcome Corn, LP as the 21st ethanol plant in Iowa. This plant is a showcase of the continuing innovation and improvement in the ethanol industry.

It's a pretty interesting time.

You're looking at basically doubling the production amounts, but the impact on Archer Daniels Midland depends on whether they increase their production capacity.