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Ethanol Is Feeding Hot Market for Farmland - New York Times

While much of the nation worries about a slumping real estate market, people in Midwestern farm country are experiencing exactly the opposite. Take, for instance, the farm here — nearly 80 acres of corn and soybeans off a gravel road in a universe of corn and soybeans — that sold for $10,000 an acre at auction this spring, a price that astonished even the auctioneer.

Biofuel Discussion

Corn based ethanol has some benefits with respect to making the US less dependant on overseas sources of oil, but from an economic and environmental standpoint it makes little sense.  Cellulosic ethanol, on the other hand, shows a great deal of promise.

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