The High-Octane Ethanol Lobby
Weiss, MJ; Michael J. Weiss is a contributing editor of The Washingtonian.
| HERO ID | 1248193 |
|---|---|
| Material Type | Newspaper |
| In Press | No |
| Year | 1990 |
| Title | The High-Octane Ethanol Lobby |
| Authors | Weiss, MJ; Michael J. Weiss is a contributing editor of The Washingtonian. |
| Journal | New York Times |
| Page Numbers | A.19 |
| Abstract | Since becoming a confidant of former Vice President Hubert Humphrey more than 40 years ago, [Dwayne O. Andreas] has assiduously cultivated his political connections among Democrats and Republicans alike. ''The only people who have carried any weight,'' Andreas says, ''are the ones who deal with both sides.'' He has another rule for businessmen, based, he says, upon advice Humphrey gave him: ''Never suggest anything to a politician. They're scared to death they'll be caught doing something.'' Dwayne Andreas became C.E.O. in 1970 and, with his brother, transformed A.D.M. into one of the world's largest soybean processors and flour millers, currently with 117 processing plants; subsidiaries in Europe and Canada; a shipping company and a commodity brokerage firm. ([Lowell] retired more than 10 years ago, but Dwayne's son, Michael, and his nephew, Martin, are now executives in the company.) Dwayne Andreas sees the Government's tax credits for farm products as a quid pro quo. ''We endeavor to be on the Government's wavelength to see what they want done,'' he explains. ''Some years they want more soybeans. Some years they want to do something big in China. Who can do it for them? We're in 50 countries. We can do anything.'' For his part, Andreas says he will not lose any sleep if A.D.M.'s ethanol plants simply shut down. After 12 years in the business, he insists that A.D.M. has made less than a 6 percent return on its investment - ''less than all our other divisions'' - and that ethanol represents less than 10 percent of A.D.M.'s business. ''If they cancel ethanol,'' he says, ''do you think I'm worrying?'' |
| Is Certified Translation | No |
| Dupe Override | No |
| Is Public | Yes |
| Keyword | UNITED STATES; GASOHOL; FARMERS; LAW AND LEGISLATION; TAX CREDITS; PRODUCTION; ETHANOL; FUEL; (Apr 1; 1990) |
| Is Qa | No |