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Iowa Ag Review

Article Title

Ethanol Revisited

Abstract

The ethanol industry continues to evolve. When we last checked in on the industry (Spring 2004 Iowa Ag Review), ethanol prices tracked with unleaded gasoline prices; production capacity was expanding; and Congress was considering an energy bill targeting higher usage of renewable fuels. The future looked good for ethanol as we computed a positive ethanol profi tability index for the foreseeable future. Since then, ethanol and unleaded gasoline prices have diverged; the production expansion has continued; Congress is still considering the energy bill; and the industry has gone through some growing pains.