Pilgrim’s Pride Seeks Bankruptcy

Pilgim's pride is seeking bankruptcy due to soaring food costs resulting from high feed prices. Pilgrim's pride is one of the nations larger supplier of chickens. The rising cost of corn based chicken feed has caused Pilgrim's Pride to declare bankruptcy.

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Indy Racing Uses Foreign Ethanol

The Indy Racing League has switched from using Indian grown Corn based ethanol to Brazilian made ethanol. The IRL or originally switched from gasoline to ethanol to promote an eco-friendly race series as well as support home grown fuels. now that they have switched to using Brazilian ethanol the Indiana corn growers have become disappointed in the IRL's decision

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Ethanol Production Down

Ethanol Producers may not be able to last much longer in these hard economic times. Production has gone down between August and September due to a bad economy and lower ethanol values.

According to the Energy Information Administration (EIA), American ethanol facilities were producing 640,000 barrels per day (b/d) in September...but a slight decline from August production figures.

The slight reduction in ethanol production in September reflects some of the economic difficulty ethanol producers have experienced as a result of higher input costs, lower ethanol values, and the evaporation of credit in the market

-Feedstuffs.com

Ethanol Math

Andrew Kantor is a writer, but he can do the arithmetic it takes to show how ethanol could never work. The numbers for production just don't add up, there isn't near enough farm land to produce enough ethanol to power America's cars.

"To get a gallon of ethanol, you need a little more than 26 pounds of
corn, and an acre of land can yield about 9,400 pounds per year. In other words,
one acre of land can generate about 362 gallons of ethanol per year.
But
people in the U.S. use about 174 million gallons of gasoline per day just for
their cars (so says the Department of Energy). If the Magic Fairy came down and
all our cars suddenly ran on ethanol we would need about 261 million gallons per
day.
That would require more than 260 million acres of corn to produce.
Considering that in 2000 farmers in the U.S. harvested about 73 million acres of
corn, it looks like they'll need to get cracking."

-Andrew Kantor, USA today