I'd like to be clear. We're not opposed to the biofuels industry. We are concerned when we have a competitor for feed grains with whom we compete on an unlevel playing field. Our suggestion is, let's see this biofuels industry created based on market fundamentals, which will ensure that growth is at a more manageable pace, that feed grains supply increases will be able to keep up with demand, and that at the end of the day we don't replace one value-added industry with another, the latter being created in large part on government policy. There we may find ourselves in a difficult position.
On February 14th, 2008. See this statement in context.