Archive for May, 2008

Over the past year, food and fuel prices have risen dramatically.  The part ethanol plays in this has become as common a conversation topic as the weather, and the debate seems to be heating up as dramatically as the food prices. 
One mode of thinking is that food prices are increasing because we are using too […]

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Ed Schafer, Secretary of Agriculture and former North Dakota governor, said biofuels like ethanol account for about three percent of the increase in food costs, which are up by 45 percent since mid-2007. 
The Washington Times article this information in also indicated that farm income will be about 50 percent higher this year than the average over […]

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North Dakota treasurer Kelly Schmidt announced today that North Dakota has a $1 billion balance in its treasury, a record for the rural state.  The press release gave some credit for the high balance to increases in interest income.  Oil drilling and production in the Bakken formation surely play a part as well, along with energy production from wind farms and ethanol […]

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According to a press release issued from Gov. Hoeven’s office today, Minnkota Power Cooperative and Minnesota Power are collaborating to expand the transmission of North Dakota-produced wind energy.  Hoeven said wind energy production could reach 2,000 megawatts of production in the near future.
From the release:
The agreement involves Minnesota Power’s $80 million purchase of a 465-mile […]

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Ed Schafer, Secretary of Agriculture and former North Dakota Governor, spoke to University of North Dakota graduates at their commencement on Saturday.  According to a KX News article, his advice was to be willing to take risks and not let the fear of the unknown hold them back.
Schafer is a UND graduate himself. 

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