Ethanol: Impact on Corn Price and Livestock Production

Neil M. Wubben, Mitchell County Extension Education Director, Northeast Area
 
Problem:

Ethanol was becoming more and more prominent in the future of Iowa agriculture and clients were asking questions regarding impact on price and production of corn.  Many livestock producers were asking about the cost of producing meat and milk.
 
Response:

I recruited sponsors for a public meeting and invited Bob Wisner and John Lawrence to speak on the impact of ethanol on agriculture in rural Iowa.   47 agribusiness persons and producers attended the two-hour meeting.
 
Impact:

Participants expressed appreciation for the information.  Many participants later commented on how this ahead of the curve information provided them a marketing advantage. One producer shared with me that the meeting was worth over $50,000 to him because he had sold very little old crop corn and the information helped him to market more profitably.
 
 2007

120 Farm and Business Management

 

Page last updated: September 28, 2007
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