Chris Prentice | Ted Cruz’s Iowa victory could be a major blow to ‘big corn’ cronyism

Chris Prentice, Reuters:

The conservative senator from Texas and outspoken opponent of the Renewable Fuel Standard, or RFS, upset Republican front-runner Donald Trump in the Iowa caucuses, the first of the state-by-state battles to pick nominees for the Nov. 8 election to succeed President Barack Obama.

Cruz won with 28 percent of the vote, compared with 24 percent for Trump, a billionaire businessman..

The result was a setback for corn farmers in the country’s biggest ethanol-producing state, who have lobbied hard to protect the policy from being dismantled after more than a decade.

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