The Gateway NAMA chapter is having its luncheon today (right now) in conjunction with the St. Louis Agribusiness Club. Speaking is Terry Barr, Chief Economist for the National Council of Farmer Cooperatives and Vice President of the Cooperative Business Center in NCFC. His subject is “Implications for Agribusiness with an Updated Outlook of the U.S. Economy.” We’ve got about 60 people here.

Right now he’s talking about how he thinks we’ll see a potential doubling of ethanol production within 4 years and a doubling of how much corn is being used to make ethanol. Along with these predictions he’s providing his assumptions. We’re going to continue to hear lots about this since what happens in the biofuels markets has such an impact on other commodities and with legislation.

If you want to hear and see this kind of presentation make sure you’re involved with your local NAMA chapter or organization like the St. Louis Ag Club.