Biofuel: December 2007 Archives

There has been a tremendous increase in the production of biofuels, particularly ethanol, in recent years. In North America, at least, this increase in production has been policy driven. For a variety of reasons, the U.S. government, and to a lesser extent the Canadian government, have introduced a wide set of measures that have spurred growth in this area. The development of the biofuels industry has had a major impact on crop prices; the higher prices have generally benefited the crop sector while creating financial problems for the pork and poultry sectors in particular.