Agriculture in the 21st century faces two huge challenges. The first is the “traditional” challenge of feeding people. The world population is growing and more importantly, as the populations in developing countries get richer, they demand more meat. The feed required for these animals multiplies the demand for grain. The second “new” challenge to agriculture is to satisfy the demand for biofuels. The demand for liquid fuels for vehicles is growing even more rapidly than demand for food, and the size of the fuel market is enormous. The extraction of oil is increasingly dif- ficult and expensive. The uncertainties about oil supply and prices, the grow- ing, stricter constraints on fossil fuel emissions, and the success of Brazil in producing biofuels from sugarcane have created a demand for clean liquid fuels.
CITATION STYLE
Pray, C. E., & Zilberman, D. (2009). The emerging global biofuel industry: The biofuel situation and policies in developing countries. In The Biofuel Situation and Policies in Developing Countries, The Giannini Foundation of Agricultural Economics and the Energy Biosciences Institute. Berkeley, CA: Giannini Foundation of Agricultural Economics. Retrieved from http://www.agecon.ucdavis.edu/extension/update/articles/v12n5_3.pdf
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