by Gary Truitt -- 10/24/2005
Corn growers, beef producers and the dairy industry stand to gain from an ethanol boom, according to economists Chris Hurt and Otto Doering. On the flip side, hog and poultry producers, grain elevator operators and grain shippers might be negatively affected. Soybean and wheat growers could go either way. Hurt and Doering outlined possible impacts to Indiana agriculture from a new federal renewable fuel standard. 'The standard calls for the production of 7.5 billion gallons of renewable fuel by 2012 -- a near doubling of current annual production,' Doering said. 'Ethanol and biodiesel are expected to make up most of the 7.5 billion gallons. To meet that goal, ethanol plants would use 2.5 billion bushels of corn, an increase in current usage of 1 billion bushels.'
Posts
No comments:
Post a Comment