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Iowa farmer says carbon pipelines present tremendous opportunity for agriculture
An Iowa farmer says investments in carbon pipelines are vital for the ag economy despite concerns about eminent domain and safety.
Dennis Friest is president of the Iowa Corn Growers Association and says pipelines present a tremendous opportunity. “To be able to maintain the ethanol market because almost 60 percent of our corn grind goes to ethanol.”
Speaking with Brownfield at the Commodity Classic, he says a pipeline is planned to run through his property and negotiations were fair. “What they offered me in an easement was a very attractive price, and to me, it’s been a good thing to look at it and take advantage of it.”
And, Freist says, once built, it shouldn’t disrupt farming operations. “They’re burring the pipe five feet deep and that’s below anything I do for tiling or anything I do on the farm. They’re putting in safety valves every so many miles in case there is a leak. It’s carbon dioxide is what’s in the line. It’s liquid carbon dioxide and that’s naturally occurring in nature.”
He says carbon sequestration projects present additional revenue streams for farmers.
I agree with Dennis.
We need to keep those ethanol plants making good margins with carbon negative ethanol to sell to the gasoline markets that need and want it. If Iowa doesn’t let the co2 lines cross our state then the ethanol plants in states that do will outbid Iowa ethanol plants and you will see more corn go to them.