Pesachim2: 1
כָּל שָׁעָה שֶׁמֻּתָּר לֶאֱכוֹל — מַאֲכִיל לַבְּהֵמָה, לַחַיָּה וְלָעוֹפוֹת, וּמוֹכְרוֹ לַנָּכְרִי, וּמֻתָּר בַּהֲנָאָתוֹ. עָבַר זְמַנּוֹ — אָסוּר בַּהֲנָאָתוֹ, וְלֹא יַסִּיק בּוֹ תַּנּוּר וְכִירַיִם.  רַבִּי יְהוּדָה אוֹמֵר: אֵין בִּעוּר חָמֵץ אֶלָּא שְׂרֵפָה; וַחֲכָמִים אוֹמְרִים: אַף מְפָרֵר וְזוֹרֶה לָרוּחַ אוֹ מַטִּיל לַיָּם.
As long as it is permitted to eat [chametz], one may feed [it] to livestock, beasts, and birds, and sell it to a Gentile, and [deriving] benefit from it is permitted. When its period has passed, [deriving] benefit from it is forbidden, and one may not fire an oven or a range with it.  R' Yehudah says: There is no removal of chametz except by burning. But the Sages say: He may also crumble [it] and throw [it] to the wind or cast [it] into the sea.