Ted Cruz’s victory in the Iowa Republican caucus was far from certain, but not just because of strong competition from rival Donald Trump. Iowa’s corn industry has benefited a lot from a decade-old law requiring that renewable fuels, largely corn ethanol, be blended with gasoline. And Cruz is no fan.
His opposition to the Renewable Fuel Standard drew a lot of fire in the state. But he's not its only detractor.
“The Renewable Fuel Standard is essentially an income redistribution system,” Vince Smith, economics professor at Montana State University, said.