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Journal Article
Roles for evolving markets, policies, and technology improvements in U.S. corn ethanol industry development
This article reviews changes in markets, technologies, and policies that affect corn ethanol profit-ability and industry expansion. Historically, the corn ethanol industry was stimulated by high petro-fuel prices, successful corn and processing technology improvements, and government incentives, such as a blenders' tax credit and mandated markets defined by the leaded fuel ban and reformulated fuel. Presently, the corn ethanol industry has expanded slightly beyond the point of a normal capital return, which is defined by limits on corn resource availability and ethanol marketing ...