"As a company focused solely on agriculture, Monsanto is committed to help create new market opportunities that help make farmers successful," said Phoong Tang, Processor Preferred U.S. Business Manager for Monsanto. "Processor Preferred hybrids enable farmers to realize additional profit potential by participating in the fastest-growing market for corn-ethanol production."
The Renewable Fuels Association cites U.S. Department of Agriculture figures showing that ethanol production adds 25 to 50 cents to the value of a bushel of corn, or as much as $5.5 billion over the entire corn crop. Ethanol production is the third-largest use of U.S. corn, utilizing a record 1.43 billion bushels of corn in 2005.
"The U.S. ethanol industry has responded to the challenges of the President, the American public and the marketplace to increase the supply and availability of this cleaner-burning fuel," said RFA President Bob Dinneen.
The RFA says other ethanol benefits include:
• Ethanol use is cost effective for consumers, reducing gasoline prices by expanding fuel supplies and reducing fuel imports.
• Ethanol provides a tremendous economic boost to the U.S. economy. The production and use of ethanol creates American jobs, reduces the U.S. trade deficit and increases state and federal tax coffers.
• Renewable ethanol helps to reduce harmful tailpipe emissions and greenhouse gas emissions that contribute to global warming. Using ethanol can help to improve air quality.
• Ethanol is a high-octane fuel that provides superior engine performance. With a 113 octane rating, ethanol is the highest-performance fuel on the market and keeps today's high-compression engines running smoothly.
For more information on Processor Preferred High Fermentable Corn hybrids, visit www.monsanto.com.