12/1/2011

Livestock producers must accept that demand for ethanol will continue to grow, driven by high oil prices, increased flex-fuel-vehicle production and government mandates that promote biofuel consumption, according to Ted Schroeder, an economist for Kansas State University. Changing the Renewable Fuel Standard and repealing the tax incentives for ethanol would only have a minimal impact on grain prices, Schroeder said. Instead of fighting pro-ethanol policies, the livestock industry should focus on technology development and market expansion, Schroeder added.

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