And now for something completely different. That would be from our friends at Extreme Biodiesel, which is in escrow to buy 40 acres of farmland in California. The reason? It wants to cultivate hemp specifically for the conversion to biodiesel. Tailpipe emissions have never been as sweet.
The Midwest is the new Middle East. We have talked about farming before and even mentioned how the farm bill helped ethanol to the tune of billions. In 2008, sugar farmers become players in ethanol. Here is the long, complicated story. First, sugar as an ethanol feedstock in America. You might have heard countries like Brazil use it but it does not make economic sense here. The price comes to about 2.15 compared with 1.50 for corn.