Biofuels – Agricultural Issues and Outlook: Some Comments Kurt Klein University of Lethbridge Lethbridge, Alberta NAAMIC Workshop IV: Contemporary Drivers of Integration Cancun, Mexico June, 2007 Recent Headlines in Canada Fuel Ethanol and Food Supply
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University of Lethbridge
NAAMIC Workshop IV:
Contemporary Drivers of Integration
Fuel Ethanol and Food Supply
Join us for this unique networking symposium on one of today's hottest topics -- biofuels
Ottawa's 5% biofuel program backed
Biofuel credentials questioned as Canada hikes up ethanol targets
Canada Falling Behind U.S. Ethanol Industry
Alberta Boosts Homegrown Renewable Fuels
Increased fertilizer and chemical use
More nutrient leachingNegative Environmental Consequences
Gross income ≠ net income
Capitalization of higher grain prices into higher prices for inputs:
Fertilizer and machinery prices ↑
Farm land prices ↑
John Deere and Agrium share prices have almost doubled since last summer.
Winners are land owners
Not tenants or farm workersWill Higher Grain Prices Lead to Improved Net Farm Incomes?
100 truckloads per day, each hauling 32 large round bales
New biofuel plants may reduce employment and economic activity elsewhere:
↑ local wage rates
↓livestock production, processing, transport
Net gains in employment and economic activity usually less than gross gains
Local employment opportunities
Few permanent jobs created:
Iowa: 35 new jobs at 190 million litre plant
Lloydminster: 26new jobs for 130 ml/yearWhat about Rural Development?