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Is The Long-Term Price Of Ethanol Too High?
By Mr Ethanol | April 17, 2008
North Platte Telegraph:
Robert White, communications specialist for Ethanol Promotion & Information Council said the debate about corn being a contributing factor to the soaring costs of food often makes people in the ethanol industry smile.
“Ethanol is probably one contributing factor, but there are many more contributing factors,” he said. “What we use to produce fuel is the starch from the corn. The corn you see in the can or eat off the cob is sweet corn and we don’t use that. We use the hard, yellow corn. This kind of corn is used in certain types of chips, but even that is minimal. The debate about ethanol being a big factor in rising grocery costs borders on the ludicrous side.”
What’s produced from an acre of the hard, yellow, starchy corn is 465 gallons of ethanol and 2,790 pounds of high-quality grain feed from a product that is not necessarily related to the food industry, said White.
But the profit margins to farmers are, according to some experts like Bill Sydkow, director of Nebraska’s Oil and Gas Commission, who say farmers are cashing in on the ethanol boom and sacrificing acreage better used to yield consumer crops. Continue reading.
Topics: Ethanol Prices |
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