Saturday, June 16, 2007

Ethanol Expansion in the United States: How Will the Agricultural Sector Adjust?

Ethanol Expansion in the United States: How Will the Agricultural Sector Adjust?

By Paul Westcott | Washington, D.C.: USDA Economic Research Service, 2007.
Outlook Report No. (FDS-07D-01) 20 pp, May 2007

Ethanol production in the United States totaled almost 5 billion gallons in 2006, about 1 billion gallons more than in 2005. While this was a significant increase, further expansion in the industry is continuing, with production expected to exceed 10 billion gallons by 2009. This large and rapid expansion of U.S. ethanol production affects virtually every aspect of the field crops sector, ranging from domestic demand and exports to prices and the allocation of acreage among crops. Many aspects of the livestock sector are affected too. As a consequence of these commodity market impacts, farm income, government payments, and food prices also change. Adjustments in the agricultural sector are already underway and will continue for many years as interest grows in renewable sources of energy to lessen dependence on foreign oil.

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Kenneth Schulte said...

I’m always pleased to see blogs like yours because they share my point of view. If you’d like, you can check out I often go there for I have the same sentiments when it comes to cO2 emissions and how to save up money using alternative methods.

JoremThorn said...

Personally I find algae as a source of bio-diesel far more promising than ethanol. Basing bio-diesel on corn takes up a lot of valuable useful space while algae needs far less space and can be grown in facilities anywhere (think of the difference between corn fields used for fuel or a building in the middle of a barren wasteland). Check out the interviews, including the one about algae bio-fuel, at,com_sectionex/Itemid,200076/id,8/view,category/#catid92