Gevo will be the first company in the nation to make isobutanol from a renewable source. Its main advantage over ethanol is that it can be sold for more uses.
As lawmakers look for places to cut spending, federal support for ethanol could become a tempting target. The U.S. Government Accountability Office says ethanol subsidies cost taxpayers billions of dollars and are not necessary.
Environmental groups failed to show that
seed plants for sugar beets genetically modified to withstand the
popular weed killer Roundup would cause irreparable harm, a federal
appeals court said Friday in overturning an injunction that called
for the destruction of the plants.
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Hedge funds are leading an exodus from agricultural markets, slashing bullish bets in the U.S. from almost the highest levels on record after grain prices slumped, money managers said.
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Genetically modified plants grown from seeds engineered in labs
now provide much of the food we eat. Most corn, soybean and cotton
crops grown in the United States have been genetically modified to
resist pesticides or insects, and corn and soy are common food
ingredients.
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Food prices are expected to rise as much as 4 percent this year, according to the U.S. Department of Agriculture. Meat prices will show some of the biggest gains.
Farmers and investors across the Midwest are bidding up cropland at auctions like the one in Jefferson as commodity prices surge. Farmland values in the central U.S. increased the most in at least two years in the fourth quarter, the Federal Reserve Bank of Kansas City said yesterday.
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