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Friday, November 27, 2015

Agricultural Sector to Benefit from New Natural Gas Pipeline Infrastructure: New Study

From a press release from Ohio State Grange:
The Ohio State Grange today released a new analysis examining the interrelationship between the agricultural sector and access to affordable natural gas supplies in Ohio and Michigan. The analysis, conducted by Hillsdale College Professors Dr. Gary Wolfram and Dr. Charles Steele, examines two key aspects of new underground natural gas pipeline projects: safety and the net benefits they deliver to the farming community.

“Agriculture is the traditional industry of America’s Midwest and the livelihood of millions of Americans,” said Lisa Tharp, Legislative Director of the Ohio State Grange. “It’s important to recognize the positive impact that natural gas pipeline infrastructure will have on farming in the 21stcentury. Increasing access to affordable natural gas will serve as a great benefit to our region’s farmers that face increasing costs.”

In recent years, Ohio has become a new epicenter of energy development with natural gas production increasing from less than 7 billion cubic feet a day five years ago to more than 87 billion cubic feet a day today. The increase in production has led in turn to proposals, such as the Rover pipeline project, to build new pipeline infrastructure in Ohio and Michigan in order to move those products to market. The Federal Energy Regulatory Commission (FERC) is currently reviewing the applications for proposed natural gas pipelines projects that would cross parts of Ohio and Michigan. For one such project, the Rover pipeline project, FERC recently released their proposed timeline for the project that would see a final decision made by end of October 2016.

“Farmers across our region and country are are projected to face falling agricultural commodity prices,” noted Dr. Wolfram. “Natural gas is a major component of farming operations and expenses. Building new natural gas infrastructure can reduce costs for famers by increasing access to affordable natural gas.”
View the new report below or by clicking here.


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