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Fluid Journal : Fluid Journal 2005-2007
8 Fluid Journal FALL 2007 DR. PAUL E. FIXEN Agriculture as a source of fuel is far from a new concept. However, the advent of new technology, coupled with a desire to reduce dependence on imported oil, has us in the midst of a modern-day agricultural revolution. Use of corn for ethanol production has been skyrocketing with a 20 percent increase in the '05 season and a projected increase of another 30 percent in the '06-'07 season, exceeding 15 percent of the entire U.S. corn crop. This puts even greater pressure on world coarse grain stocks, estimated at 12 percent of total use for the '05-'06 crop year, a 30-year low, and part of a 10-year trend of steady declines in spite of several phenomenal global crop years. Increased corn demand has led to substantial increases in corn prices. Corn prices over the last eight years have averaged $2.05/ bu while predicted average CBOT Across-the-table effect will likely be felt on both fertilizer product use and on the knowledge-based services associated with using those products effectively. As Biofuels Enter The Food Chain What Is Next For Agriculture?
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