Business
Agriculture Forum: Canola comes to Mich.
As you drive around northwest Michigan this summer, don't be surprised if you see an increasing number of fields boasting yellow flowering plants. The fields are evidence of a growing interest in canola in this region and throughout Michigan.
Canola oil is a familiar product to Michiganders, with its touted "healthy oil" properties, and demand for the oil continues to grow in the U.S. In fact, the U.S. consumption of canola oil outpaces U.S. production by 3-to1 (Canola Grower, Feb. 2003). Currently most of this consumption demand is met through imports from Canada. Canola oil is high in Omega-3 fatty acids and low in saturated fats. With just 7 percent saturated fat, canola has the lowest level of all major oil crops.
The modern day canola plant was developed from a variety of rape seed and was approved by the Food and Drug Administration in 1985 for sale in the U.S. It was developed in Canada, with the canola name being introduced as part of their marketing efforts. It is low in euricic acid and glucosinolates, compared to traditional rape seed oil.
Some farmers in northwest Michigan will remember trying canola in the early '90s with varying degrees of success. So why try it again now? There have been three fundamental changes in the picture for canola in the last couple of years. The first of these is the increased cost of energy and the subsequent interest in biodiesel fuel. Canola is capable of not only being used for food-grade oil, but also for the production of biodiesel. This creates more pull on the demand side for canola oil.
The second change is the beginning of crushing capacity in northwest Michigan. Groups in Leelanau and Kalkaska have been working on developing crushing facilities to squeeze the oil from the canola seed, and also the capacity to convert this into biodiesel. When canola was grown in the '90s, growers had one outlet -- truck the canola to Canada. These new facilities could eventually support thousands of acres of canola in our area (still just a small percentage of what we import from Canada).
Finally, new varieties of canola are now available for production in our area. Specifically, we now have hybrid spring canola that we can grow. Prior to hybrids, spring canola had significantly lower yields than fall-planted canola. Now hybrid spring canola has bridged that yield gap. Spring canola also does not suffer from some of the downsides of fall planted canola, such as winter kill and late fall/early spring deer damage. Michigan State University Extension is currently researching these new varieties to help producers understand which will be the best suited for our area, and with will have the highest profit potential. One of these research plots is in Antrim County, and contains more than 30 new hybrid varieties.
So enjoy those new yellow fields, and imagine, they may just help fuel your vehicle in the near future.
Stan Moore is the Michigan State University Extension county extension director for Antrim County and the agricultural educator for Antrim and Kalkaska counties.
-
-
Auto sales frail in August
Auto sales, once a bright spot in the economic recovery, grew fainter last month.
Continued ... -
Enbridge wants to work on lake pipes
Enbridge Energy Partners, the company whose pipeline caused a major oil spill in the Kalamazoo River five weeks ago, said Wednesday its plan to reinforce its oil pipelines under Lake Michigan is part of a routine maintenance program.
Continued ... -
Manufacturing lifts the economy
Manufacturing is growing in the United States and abroad, easing fears that the economy might be on the verge of a second recession.
Continued ... -
Car buyers see fewer discounts
For years, Americans shopping for cars were treated to all sorts of deals and incentives, especially at the end of summer. Think Cash for Clunkers, which paid up to $4,500, or promotions that offered employee discounts to everyone. Those days are over.
Continued ... -
Investors brace for another ugly Sept.
The economy is weakening, home sales are plunging, and stocks are on a long slide. Now comes something even scarier for investors — the beginning of what is traditionally the worst month in the market.
Continued ... -
Court approves Visteon bankruptcy plan
A federal judge confirmed auto parts supplier Visteon's reorganization plan Tuesday, clearing the way for the company's emergence from bankruptcy.
Continued ... -
Scientist accused of economic espionage
A former Indiana scientist accused of illegally sending trade secrets worth $300 million to China and Germany was ordered detained Tuesday on rare charges of economic espionage.
Continued ... -
Stocks end August with meager gains
The stock market ended its worst August since 2001 with meager gains Tuesday after minutes from the latest Federal Reserve meeting showed officials' increasing concern about the economy.
Continued ... - August 31, 2010
-
Chrysler dealers hear plans for Fiat minicars
Fiat is coming back to the U.S. after a 30-year absence, and now Chrysler Group dealers have to decide whether they want to sell the Italian brand that initially will offer just one model, the tiny Fiat 500.
Continued ... -
Americans spend more; economy limps
Americans are spending a little more this summer, but hardly enough to rejuvenate the weakening economy.
Continued ... -
Fuel info on updated car stickers
Will your new car get an A in fuel efficiency? A government proposal may add letter grades to showroom window stickers on new cars and trucks to reflect a vehicle's overall fuel economy and greenhouse gas emissions.
Continued ... - August 29, 2010
-
Housing expert: Jobs are key
Lawrence Yun says housing could take off
Continued ... -
Business in Brief: 08/29/2010
Policy forum is set in Grand Rapids; Manufacturing center expanding; Intel warns about 3rd quarter profits
Continued ... - Business Memoranda: 08/29/2010
-
FDA to inspect largest egg farms
The Food and Drug Administration is planning to inspect all of the country's largest egg farms before the end of next year following the massive recall of tainted eggs linked to a salmonella outbreak that has sickened as many as 1,500 people.
Continued ...
-
Auto sales frail in August





