The aviators attending the NAAA Convention got to hear some optimistic news today from Dr. Abner Womack, University of Missouri (pictured on right). He was here to talk about the results of the latest FAPRI outlook.
I asked him what the news was. For one thing he says that inputs are coming down. Then over on the price side he says they see more strength than they expected. He says this is mainly due to ethanol and the government mandate.
He says that we’d be in trouble without that mandate too. In fact, he says that without it, “you’d be switching off the light at ethanol plants.”
Prices may have dropped but he says that in the long term, ethanol will continue to hold prices higher than they’ve been in the past and higher than they expected. Right now he says we’re in a transition year coming off the highs.
Listen to an interview with Abner here:
basf-naaa-08-womack.mp3
You can also download his interview here: Dr. Abner Womack Interview (mp3)
AgWired coverage of the 2008 National Agricultural Aviators Association Convention
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