Michigan Eyes Role as Sustainable Aviation Fuel Hub
Michigan is making a case for becoming a sustainable aviation fuel hub, which could help farmers keep farming amid declining profitability. According to Matt Frostic, president-elect of the National Corn Growers Association (NCGA), US corn growers lost $0.93 per bushel last year.
Juan Sacoto, Head of Agribusiness Accounting at S&P Global, said that the US is the epicenter of a global problem where falling prices drag down profitability, investment, and innovation before acreage declines with it.
A new report commissioned by Michigan Corn states that the state's existing corn and ethanol economy is well-positioned to develop an ethanol-to-jet hub, presenting a sustainable aviation fuel (SAF) market opportunity for growers and the transportation industry.