Source+5

[] link from text []

-The recent boom in ethanol and biofuels production and the importance of corn as the principal source of ethanol have and will continue to have a major effect on U.S. agriculture. -Complementing the technological approach, NIFA also promotes investigations into the effect of ethanol on the environment and on rural economies -And at a state level, a recent policy report from the University of Illinois' Department of Agricultural and Consumer Economics, titled [|Corn-Based Ethanol in Illinois], investigates and provides 'objective information to Illinois stakeholders, cutting through the emotional, political, and economic self-interests that often dominate discussions about ethanol production and use.' -Market adjustments to this increased demand extend well beyond the corn sector to supply and demand for other crops, such as soybeans and cotton, as well as to U.S. livestock industries. -Cellulosic sources of feedstocks for ethanol production hold some promise for the future, but the primary feedstock in the United States currently is corn. -Luther Tweeten, emeritus chaired professor at Ohio State University, contends that the rise in ethanol demand makes demand for corn and overall farm output more elastic, and fundamentally alters the U.S. and world food economy. -The final analyses of the effects of the ethanol boom are yet to come. -A large expansion in ethanol production is underway in the United States. -USDA’s long-term projections, augmented by farmers’ planting intentions for 2007, are used to illustrate anticipated changes in the agricultural sector. -From a national perspective, recent work by agricultural economists at land-grant universities[|1] investigates the economic impacts of increasing biofuel production, the potential of agricultural sources beyond corn in the production of biofuels, and the effect of different policies in promoting renewable energy. -Also in the North Central region, a consortium of land-grant institutions and state departments of agriculture is working to -expand the use of biomass in the Midwest; -raise the profile of the bioeconomy in the media and among policymakers; -develop a regional approach for attracting venture capital investment; and -reach a consensus on regional policies for encouraging the use of biomass.

Westcott. P (n/a). //Effects of the ethanol boom in the u.s.//. Retrieved from []

(Paul westcott, n/a)