Bloomberg Ag & Energy Report, Daily Market Prices

Reported by: Matt Ernst
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Updated: 8/23/2013 8:20 am
Many dairy farmers have yet to cash in on the greek yogurt craze. And, scientists are working on fueling up cars with power coming from water and the sun.

High gas prices got you down? A professor at CalTech's JCAP, the joint center for artificial photosynthesis told Bloomberg that it has a plan to remake fuel as we know it.

Scientists there are working on distilling hydrogen fuel by using cheap solar panel-like devices with the goal of using it to one day power cars, trucks boats, and even planes.

The effort is backed with $122 million of funds from the energy department.

Are you one of the millions of Americans devouring greek yogurt these days? It should be a cash cow for dairy farmers, but they're still waiting for the big pay off.

It seems like everyone is eating greek yogurt these days! New York's governor, Andrew Cuomo just pushed through a law letting farmers increase their cow herds to 299 from 199 before permits are required.

The thing is, environmental groups are suing to block the move saying expanding dairy production will add 1 billion pounds of unregulated cow manure and waste, which would damage water systems.

Bad news for local dairy farmers who are looking to cash in on the greek yogurt craze. While state yogurt production has more than doubled to 695 million pounds in 2012 from 2009, the New York dairy industry hasn't grown as rapidly.
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