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Why Are Ethanol Plants Losing Profit?
2013-03-11 13:29:00| Corn & Soybean Digest
Source: Farmgate blog Profit margins for the ethanol industry have been in negative territory for 2012, resulting in the closure of more than 20 refineries. The cause of the problem is the high cost of corn, due to the drought-shortened crop and the inability to find adequate supplies of corn to continue refining. The U.S. ethanol mandate is keeping production going, despite the economics, and without that, ethanol content in gasoline would be cut to 3-5%. read more
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Category:Agriculture and Forestry