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Enquirica Research - U.S. Feeds One Quarter of its Grain to Cars

The growing use of biofuels appears to have serious consequences for agricultural commodity prices. More than a quarter of the total U.S. grain crop was turned into ethanol to fuel cars in 2009.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Oct. 13, 2011 - The growing use of biofuels appears to have serious consequences for agricultural commodity prices.   More than a quarter of the total U.S. grain crop was turned into ethanol to fuel cars in 2009.   Quick biofuel facts:

•   The amount of grain processed in biofuels has tripled in the US since 2004
•   If the entire U.S. grain crop were converted to ethanol it would only supply 18 percent of U.S. automotive fuel needs.
•   A 2008 World Bank report unequivocally blamed the mandated production of biofuels for the spike in global food prices.  According to the report, biofuels increased food prices by 75 percent.
•   Research estimates that current biofuel targets in the US, the EU, Canada, Japan, Brazil, India and China alone could require the diversion of over 400 million acres of arable land or over 10% of the world’s total from food production.

Enquirica commented that "Food, feed & fuel are core components of the farmland investment premise. We believe that the expanding use of biofuels will only serve to add additional upward pressure on agricultural commodity prices”

Enquirica Research is a Calgary based firm focussing on the analysis of alternative asset classes and investments, primarily in western Canada. For copies of Enquirica research register at www.enquirica.com.
                                    
DISCLAIMER:  The opinions, estimates, projections and other information which is contained herein and derived from or attributable to persons other than ENQUIRICA is neither endorsed nor adopted by ENQUIRICA – it is presented for informational purposes only.  Further, the opinions, estimates, projections and other information contained herein are not intended and are not to be construed as an offer to sell, or a solicitation to buy any securities, nor shall such opinions, estimates, projections and other information be considered as investment advice or as a recommendation to enter into any transaction.

FORWARD-LOOKING INFORMATION: This news release may contain certain information that is forward looking and, by its nature, such forward-looking information is subject to important risks and uncertainties. The words "anticipate", "expect", "may", "should", "estimate", "project", "outlook", "forecast" or other similar words are used to identify such forward looking information. Those forward-looking statements herein made by ENQUIRICA, if any, reflect ENQUIRICA’s beliefs and assumptions based on information available at the time the statements were made.  Actual results or events may differ from those anticipated or predicted in these forward-looking statements, and the differences may be material.   Readers are cautioned not to place undue reliance on any forward-looking information contained in this news release (if any), which is given as of the date it is expressed herein. ENQUIRICA undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise.

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Enquirica Research is a Calgary based firm focussing on the analysis of alternative asset classes and investments, primarily in western Canada. For copies of Enquirica research register at www.enquirica.com.

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Source:enquirica
City/Town:Calgary - Alberta - Canada
Industry:Accounting, Finance
Tags:enquirica, biofuels, inflation, hard assets, oil, farmland, commodities
Shortcut:prlog.org/11668922
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