Heavy Lifting - thoughts and web finds by an economist
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Wednesday, August 08, 2007
From this week's Crop News Weekly:
One of the biggest short-term threats to the profitability of the U.S. biodiesel industry is the rising price of soybeans, which forces the industry to turn to feedstocks other than soybeans or shut down or slow down operations, according to Kenneth "Pete" Moss of FBA Consulting, Memphis, speaking at the AgTechnology Field Day at Agricenter International, Memphis.The last two paragraphs are telling. My prediction: look for more subsidies from the Federal government.
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