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The Rural Voice, 2002-06, Page 34PUSH HYDRA—SPREAD MANURES READ RS 285 BU. — 368 BU. — 421 BU. — 465 BU. — 550 BU. Eliminate some of Iite's problems (like chains, worn gears, shafts & bearings) with HYDRA -SPREAD The Canadian altemative in spreaders. N. E. HAGEDORN & SONS LIMITED — Pa'sley, Ont. website www.manurespreader.com 1-800-707-7271 SMALL TOWN FEEL...BIG CITY DEALS! Well Come To Your Door To Prove It! 2002 FORD F150 4 x 4 XL Matching cap, at a work ready price Only $31,995. IPWe taxes) STK# B1473 4.6 L, V8, auto, air, work ready priced at STK# B151126 995 ■ (Plus taxes; 16' van body, only 132,000 kms., V8, auto Cab and Chassie, 7.31 diesel, auto, air, 201" WB, Work ready price. STK# 1489 40,995■ INustaxes, Peninsula Ford Lincoln Ltd. Sunset Strip, P.O. Box 894 Owen Sound, Ontario N4K 6H6 Tel (519) 376-3252 Fax: (519) 376-8030 Email: bp@pcninsulaford.com 30 THE RURAL VOICE deterioration in the flexible hosing and seals of pre -1986 engines. Further, with the exception of concrete lined tanks, biodiesel can be stored wherever fossil diesel fuel is stored. It has a higher flash point, handles like diesel and is safe to transport. The economic benefits of increased biodiesel use are both complicated and, at the moment, not extensively investigated. Economic studies in Iowa have demonstrated that for every dollar generated in that state's soybean processing industry $1.50 is generated in the service industry. Dr. Dermot Hayes, an agricultural economist at the University of Iowa concluded that if the state was to use a 20 per cent biodiesel blend (B20) in one sixth of its state vehicles it would cost an extra $400,000 to $500,000. If this resulted in a new five million gallon biodiesel plant the policy would create more tax revenue than it cost. 70 million gallons of biodiesel could add up to 18 cents per bushel to the price of soybeans alone An economic model produced by the America Food and Agricultural Policy Research Institute concluded that an annual demand for 70 million gallons of biodiesel could add up to 18 cents per bushel to the price of soybeans alone. McLean points out that Canada currently imports several hundreds of thousands of metric tonnes of soy meal a year despite what he refers to as excess capacity in the crushing industry. This dependence on imported meal is partially fueled by the inability of Canadian plants to find adequate markets for soybean oil. Ken Bee, the former Chairman of the Ontario Soybean Growers Association, puts it quite simply: "The crushing plants are geared to the amount of oil they can move not the amount of meal they can sell." Both Bee and McLean are in agreement that one of the major economic benefits would be increased sales of beans by farmers.