Europe is catching up with U.S. biofuel- by Bill Lambrecht
Europe is starting to see a dividend on European Union subsidies paid to farmers — at least $25 for every acre of energy crops produced. Earlier this month, Europe’s first regular passenger train service powered by biodiesel departed London for Wales. Still in its early stages, biofuels has the agriculture business booming in parts of Europe: Near Letang’s farm, 75 miles southwest of Paris, implement dealer Philippe Bernard said he expects to sell $650,000 worth of canola-cutters, tools put on farm machinery to harvest canola plants, this year. A few years ago, he sold none.
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