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World Biofuels
Symposium
November 13-15, 2005
Beijing, China
2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels
Association
National Biodiesel
Conference & Expo 2006
February 5-8, 2006
San Diego, California
Organizer:
National Biodiesel Board
11th Annual
National Ethanol Conference: "Policy & Marketing"
February 20-22, 2006
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association
22nd
Annual International Fuel Ethanol Workshop & Expo
June 20-23, 2006
Milwaukee, Wisconsin, USA
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Posted on
August 28, 2002US ethanol mandate would boost farm income-Senator WASHINGTON, Aug 26 (Reuters) - A proposal to triple the amount of ethanol used by U.S. motorists would create 13,500 new jobs and boost farm income by $700 million by 2011, the head of the Senate Agriculture Committee said on Monday.
Sen. Tom Harkin, an Iowa Democrat, said a new study by the U.S. Agriculture Department also showed ethanol would lift corn and sorghum prices by about 13 cents per bushel by 2011.
The use of ethanol, a motor fuel additive typically distilled from corn, could triple to 5 billion gallons a year under a wide-ranging energy bill now before House and Senate negotiators.
Farm state lawmakers and President George W. Bush have endorsed an increase in ethanol use because it benefits farmers and stretches the U.S. gasoline supply. It is also backed by such agribusiness heavyweights as Archer Daniels Midland Co. and Cargill Inc.
However, Democratic senators from fuel-thirsty states of California and New York oppose a federal program to triple ethanol use, contending that transportation problems could send gasoline prices soaring.
Harkin said the new USDA study analyzed the impact of ethanol on commodity markets, farm income and employment.
Soybean prices would also increase by as much as 13 percent during the coming decade if the ethanol mandate becomes law. The increase for soy, corn and sorghum prices means American grain farmers would see their incomes rise by about $700 billion between 2006 and 2011, he added.
An estimated 13,500 jobs would be created, with about half of them split between farms and ethanol processing plants.
"In Iowa, our corn and soybeans are the oil fields of the future and if President Bush makes the renewable fuel standard in the energy bill, Iowans will reap the rewards," Harkin said in a statement.
Harkin is running for re-election in November against Republican Greg Ganske, a four-term member of the U.S. House.
The USDA report was posted on the Internet at http://harkin.senate.gov/specials/20020826-usda-letter.pdf
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