And another reason to is that farmland prices in the heavy corn growing parts of the country are going up. Today's NY Times report is a helpful introduction.
Imagine! Land near ethanol plants going up as much as 30% in one year.
One of the effects of this is that the generational transition of farmers, in trouble all ready, is in worse shape. Young farmers cannot afford land. Minority farmers cannot afford land. People who'd like a small farm for diversified agriculture can't afford land.
And what happens when the corn-based ethanol boom crashes?
Will we get an energy bill through the congress that has stricter mileage standards for cars and trucks so that we'll have some land left to grow food?