Is an ethanol bubble fueling a farm boom?

In less than a decade, the fuel has gone from consuming 10 percent to 40 percent of the country's total grain crop. And agriculture experts tell Reuters that's likely a major driver behind rising corn prices, land prices and farm income.
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In less than a decade, the fuel has gone from consuming 10 percent to 40 percent of the country's total grain crop. And agriculture experts tell Reuters that's likely a major driver behind rising corn prices, land prices and farm income.

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Biofuel Energy says it's closing its ethanol plant in Fairmont until the price of corn comes down. The drought that has ravaged the Midwest's corn crop has pushed up corn prices and erased the profit margins of ethanol producers. A plant in Little Falls shut its doors this summer.

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