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Importance Of Ethanol
By Mr Ethanol | April 30, 2008
Domestic Fuel:
The development of agriculture-based biofuels is critical to revitalizing rural communities, according to U.S. Secretary of Agriculture Ed Schafer.
Speaking to farm broadcasters meeting in Washington, Schafer said managing the blending of energy and agriculture is one of the top priorities for USDA. 
“If we over the next ten years could convert one-fourth of the four billion barrels of foreign oil that we import into this country into biofuels, not only would it increase the security of our country, it would double farm income,” said Schafer. “You can imagine if we doubled farm income in this country, what a revitalization would take place in rural areas.”
Regarding the concern about food and feed price increases relating to biofuels, “We need to remember that only about 25 percent of the corn crop goes into ethanol today and we have been able to stay ahead of that by yield increases,” Schafer said. “We have heard of this ‘perfect storm’ coming together - increased consumption, energy prices, biofuel generation, weather patterns - all those have come together to form this huge pressure on food and feed costs. I don’t think its a perfect storm.” Read more.
Topics: Agriculture, Ethanol, News |
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