Biofuels - what's in it for the farmers?
Washington State legislation recently passed requring 2% of gasoline sold must be ethanol or biodiesel by late 2008. Virgin asks questions that aren't normally asked when the biodiesel topic comes up, specifically what are the ramifications on farmers?
His conclusion: "In all the enthusiasm over biofuels as a way to cut oil prices and imports, too little attention has been paid to the financial incentives that will encourage farmers in Washington to participate. It's mostly been about what's in it for motorists. For the industry to achieve any significant size, people will have to start asking what's in it for the farmers."
Read the full column here.