In some cases, just as with early corn ethanol production, farmers are willing to be the early investors and the feedstock source for biomass energy production. A good example is occurring in Missouri.
A farmer group has contracted acres to grow miscanthus giganteus for the MFA Oil Biomass, LLC project. MFA Oil Biomass is a partnership between Aloterra Energy and MFA Oil Co. It recently was awarded $14.6 million from the USDA through the Biomass Crop Assistance Program (BCAP).
Currently, only 4 percent of U.S. energy comes from biomass-derived sources. Obviously farmers have the potential to earn a good income as part owners in biomass energy plants and also from producing the feedstock such as miscanthus, switchgrass, corn fodder and several other sources.
Mindy Ward wrote an article for Missouri Farmer Today providing details about the MFA Oil Biomass project and quoting one farmer who signed up 184 acres of pasture ground for growing miscanthus, far above the less than 50 acres signed up by most farmers.
Read the full article by clicking here.