A leading ag economic group is expecting U.S. ethanol use to trend slightly lower in coming years.
The University of Missouri’s Food and Agricultural Policy Institute’s Ben Brown says there are growing threats to ethanol demand, like fuel efficiency.
“Today, we’re seeing new cars being able to go anywhere between 40 and 50 miles per gallon, some a lot higher than that” he said. “Fifteen years ago, we were pretty happy with 20.”
And he tells Brownfield the market is incentivizing a shift toward electric vehicles as they become more affordable and fuel costs spike.