Sorghum in ethanol moving forward

1. Matt Durler- VP of Marketing Conestoga Energy Partners
National Sorghum Checkoff- Renewables Committee External Member

2. 
Sustaining Agriculture in Arid Areas
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The Power of Protein
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CARB and Advanced Biofuels from Oil
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Top Line Impact of the Farm Bill
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Technology In Sorghum

3. Water? What Water?

5. Water tables in the high plains are rapidly declining- How do we stem the tide?
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Production per unit of water
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Reduce variability and increase total long term grain production
The genetic diversity of sorghum can allow it to be better tailored for diverse production settings
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Composition Study

6. 
As the industry has matured focus has been refined
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How can “destination” improve local feed stock supply?
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How do we maximize distillers grains utility?

7. By Product => Co Product=> Feed Ingredient
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There is value in each component
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Protein
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Fat
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Fiber
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Micros
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Phosphorus, Potassium

8. World Demand For Protein Remains Very Strong- Led by China
Spot Bean meal is trading $400, that’s 300% of CZ
$400 SM= $.46/lb of Protein The difference between 28% and 36% DDG is $67/ton!

9. 
There is 10-15% more fiber in Sorghum
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If Cellulosic can ever stand on its own the fiber in DG will be an easy target
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We are investigating how to maximize the ethanol potential in sorghum grain

10. 
NSP has worked with CARB to refine assumptions resulting in a net CI reduction from the previous numbers
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Flexibility for each plant to carve an individual pathway
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Allows plants to push the sustainability of local agriculture
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Oil from Sorghum based distillers should qualify for advanced bio-diesel by the end of 2015

11. 
Change in Payment Structures forces focus on sustainable production
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$125k max payment per entity
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Elimination of most direct cotton payments
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Some estimates calling for as much as 4 million acres shifting away from cotton
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Spring price floors are critical
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Delta most susceptible to acreage shift followed by West Texas
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Sorghum can thrive anywhere cotton can

12. 
DuPont™ Inzen™ Z herbicide-tolerance sorghum trait
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ALS over the top grass control- Non GMO
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Another tool for farmers in rotation with roundup ready corn, cotton, and soybeans
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Tri-Seed Genetics-
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All 3 florets make grain
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Dramatic increase in yield potential