Energy and farmland values

March 5, 2008
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You probably arenâ??t begrudging farmers and others for the record farmland prices theyâ??re enjoying.

But those prices wouldnâ??t be so high if the ethanol plants popping up across Indiana and elsewhere in the Midwest werenâ??t using so much corn.

Now weâ??re feeling an unintended consequence. Expensive grain is contributing to the recent uptick in inflation as prices for food and other products made from grain pick up speed.

Is our increasing reliance on ethanol wise energy policy?
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  • I still feel comfortable having Ethanol as an energy source. It brings revenue back to Indiana and the Midwest. Now, if the farmers are wise enough, they will pass the wealth on in their spending habits with the rest of the Midwest, it will trickle down through our economy.

    On the health concern. I have three points I would like others to address...
    1.) Renewable speed of Ethanol vs Renewable speed of Traditional Unleaded gas.

    2.) Short term and Long term Effects on our enviorment on the Ethanol vs Unleaded.

    3.) Cost of food (vegies, grains, and meat) production vs the cost of shipping with the new Ethanol gas.
  • If the same effort to produce energy from corn were directed toward using the grass mown along interstate highways each year, we wouldn't have to see the spike in corn prices and having land costs escalate.

    We simply cannot generate enough energy from corn (1 crop per year) to justify the long term effort compared to the measly percentage difference it makes in reduction of the use of oil and derivatives.

    Mow the grass on a regular basis and use it to get more bang for the buck.
  • Can we get Ethanol gas from Grass clippings? If so, that is one of the biggest investments that will have high output.

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  1. Great article and post scripts by Mike L (Great addition to IBJ BTW). Bobby's stubborn as a mule, and doubt if he ever comes back to IU. But the love he would receive would be enormous. Hope he shows some time, but not counting on it.

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  4. Jim, your "misleading" numbers comment is spot on. This is the spin these posers are putting on it. News flash, fans: these guys lie. They are not publicly traded so no one holds them accountable for anything they say. The TV numbers are so miniscule to begin with any "increase" produces double digit "growth" numbers. It's ridiculous to think that anything these guys have done has awakened the marketplace. What have they done? Consolidate the season so they run more races on consecutive weekends? And this creates "momentum." Is that the same momentum you enjoy when you don't race between August and March? Keep in mind that you are running teams who barely make ends meet ragged over the summer to accomplish this brilliant strategy of avoiding the NFL while you run your season finale at midnight on the East Coast. But I should not obfuscate my own point: any "ratings increase" is exactly what Jim points to - the increased availability of NBC Sports in households. Look fans, I love the sport to but these posers are running it off a cliff. Miles wants to declare victory and then run for Mayor. I could go on and on but bottom line for God's sake don't believe a word they say. Note to Anthony - try doing just a little research instead of reporting what these pretenders say and then offering an "opinion" no more informed than the average fan.

  5. If he's finally planning to do the right thing and resign, why not do it before the election? Waiting until after means what - s special election at tax payer expense? Appointment (by whom?) thus robbing the voters of their chance to choose? Does he accrue some additional financial advantage to waiting, like extra pension payments? What's in it for him? That's the question that needs to be asked.

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