Ethanol Producers Adapt to Drought, Corn Prices
Submitted by admin on August 8, 2012 – 5:31 pmNo Comment
by Joanna Schroeder (DomesticFuel.com) Nebraska ethanol producers are responding to a tough market. With excessive drought conditions and nearly record high corn prices, ethanol producers have decreased their consumption in recent weeks. Latest estimates show the state’s ethanol plants operating at approximately 70 percent of capacity. This is a significant drop from 2011 when plants were running at 100 percent. In 2012, Nebraska ethanol plants produced more than 2 billion gallons.
… 7,700 Nebraskans are employed directly and indirectly as a result of the ethanol industry. State and local governments receive more than $50 million dollars in tax revenues and $250 million is added to household incomes in the state. READ MORE
