Ag Biotech and Midwest Rural Development

September 8, 2005
Federal Reserve Bank of Chicago
230 South LaSalle Street
Chicago, IL 60604-1413
Third Floor Conference Center
Illinois Rooms 1 & 2

Thursday, September 8
8:00 a.m.		Registration and Continental Breakfast
8:30 a.m.		Welcome and Opening Remarks Charles L. Evans, Senior Vice President and Director of Research, Federal Reserve Bank of Chicago
8:40 a.m.		Session I: An Overview of Midwest Agriculture and Rural Development Issues The Changing Role of Manufacturing in the Rural Midwest (PDF,892KB) William Testa, Vice President and Director of Regional Programs, Federal Reserve Bank of Chicago Midwestern Agriculture: Back to the Future? (PDF,738KB) David B. Oppedahl, Business Economist, Federal Reserve Bank of Chicago
9:10 a.m.		Session II: Ag Biotech and Rural Development Impacts The First Wave of Agricultural Biotechnology: The Adoption of rBST and GMOs in the Midwest and the Rest of the World (PDF,528KB) Brad Barham, Professor, Agricultural and Applied Economics, University of Wisconsin-Madison Soybean Intellectual Property and R & D Incentives: Strategic Implications and Prescription for a Post-Modern Agriculture (PDF,105KB) Peter Goldsmith, Associate Professor and National Soybean Research Laboratory Fellow in Agricultural Strategy, University of Illinois at Urbana-Champaign Bryan Endres, Assistant Professor of Agricultural Law, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign
10:00 a.m.		Break
10:15 a.m.		Session III: The Interaction of Ag and Industrial Biotech: Implications for the Future Overview of Biobased Products and Market Development in the Midwest (PDF,1.51MB) Gary Nowakowski, Midwest Regional Office, U.S. Department of Energy Economic Impacts of Competing Uses of Biomass for Bioenergy and Bioproducts (PDF,1.51MB) Marie Walsh, Consultant and Adjunct Associate Professor, University of Tennessee Implications of Biobased Fuels and Chemicals for Midwest Manufacturing (PDF,5MB) James R. Frank, Director, Biotechnology and Biodefense Applications, Argonne National Laboratory
11:30 a.m.		Section IV: A Debate on the Future of Industrial Biotech in Rural America On Energy, Life, and Economics (PDF,292KB) Tadeusz W. Patzek, Professor, Civil and Environmental Engineering, University of California, Berkeley Bioenergy and Bioproducts: Burying Some Myths (PDF,678KB) Bruce E. Dale, Professor, Department of Chemical Engineering and Materials Science, Michigan State University
12:15 p.m.		Lunch Introduction Michael H. Moskow, President and Chief Executive Officer, Federal Reserve Bank of Chicago Speaker Information Technology and its Role in Shaping the Ethanol Industry (PDF,251KB) Thomas C. Dorr, Under Secretary for Rural Development, U.S. Department of Agriculture
1:45 p.m.		Session V: Rural Development Prospects: The Roles of Financing and Standards Sourcing Institutional Capital for Ag Biotech Ventures (PDF,851KB) James W. Eiler, Managing Partner, Cybus Capital Markets, LLC Biotechnology Standards: Challenges and Opportunities for Rural Development (PDF,2.75MB) Lawrence Busch, University Distinguished Professor, Department of Sociology, and Director, Institute for Food and Agricultural Standards, Michigan State University
2:35 p.m.		Break
2:45 p.m.		Session VI: Policy Presentations and Panel Discussion: What Ag Biotech Policies Would Best Lay the Groundwork for Growth in Rural Areas? Moderator and Discussant Policy Challenges for Ag-Based Rural Development (PDF,932KB) Christopher D. Merrett, Director and Professor of Geography, Illinois Institute for Rural Affairs, Western Illinois University Ag Biotech and Midwest Rural Development in a Globalizing World: Policy Considerations (PDF,2.74MB) Robert L. Thompson, Gardner Chair in Agricultural Policy, University of Illinois at Urbana–Champaign Impacts to the Iowa Rural Economy of an Expanding Ethanol Industry (PDF,462KB) John A. Miranowski, Professor, Department of Economics, Iowa State University Daniel M. Otto, Professor, Department of Economics, Iowa State University
4:30 p.m.		Adjourn Last update September 12, 2005