Ethanol Blend Hike May Require Half of U.S. Corn Crop
Tuesday, June 9th, 2009A proposed increase in ethanol use in gasoline would require planting as much as 111 million acres of corn and using almost half of the crop for the fuel by 2015, according to a study by the U.S. grocery industry.
Boosting the amount of biofuels allowed to be blended in gasoline could make last year’s record corn prices “look like a walk in the park,” Bill Lapp, an agricultural analyst who conducted the study commissioned by the Grocery Manufacturers Association, told reporters today in a teleconference.
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