Economist tells farmers to approach ethanol with caution
December 6, 2006

Michael Swanson, an ag economist with Wells Fargo, says that unusually high prices for corn right now are certainly attributable to the ethanol boom. But he says that even though energy demand and high oil prices are causing the good times for ethanol, they're also increasing the price of the inputs farmers need to produce the corn that's needed for the ethanol.

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last revised December 2006