What impact will the biofuels industry have on rural areas?
Rural areas will benefit greatly: biofuels are essentially bulky and lightweight, making transporting them difficult. To save in transportation costs, dry-mill corn ethanol facilities will have to be constructed near the fields where corn is being harvested. Building facilities onsite will bring more capital investment to growers. In fact, to reach 50 billion gallons of ethanol production, at least 1,000 production facilities will need to be created, an investment of roughly $100 billion.
