As I mentioned in my last post, there are more articles surfacing that indicates the loss of the ethanol subsidies is indeed hurting the ethanol industry. Here is another article on the subject:
End of federal subsidies hurts ethanol profits
By Joe Kimball | 10:24 am MinnPost
Minnesota ethanol producers are being hit hard by the end of major federal subsidies, reports MPR today.
And it's not just here; across the country "ethanol profit margins have declined sharply, even slipping into negative territory," said the story.
And it notes: "Experts see no quick turnaround in sight."
Minnesota is the nation's fourth top ethanol producer.
Randall Doyal, CEO of the Al-Corn Clean Fuel ethanol plant in southeast Minnesota, said the there's no profit margin now.
"Since the first of the year it's been even-to-slightly negative," Doyal said.
The 45-cent per gallon subsidy ended Dec. 31, and the situation was complicated further by a rush from the gasoline companies to buy ethanol before the end of the subsidy. That led to overproduction which now has created an oversupply and depressed prices"Pete" Landry...........comments welcome...........at.............way2gopete@yahoo.com
