Moneymoneyrcwrttrumprecession

Tue Sep 10, 2019, 02:14 PM

Grim Economics Wallop Ethanol and Corn Producers

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The Corn Plus ethanol co-op. The co-op is closing indefinitely after opening 25 years ago.

Catharine Richert / Minnesota Public Radio Sep 9, 2019 Updated 23 hrs ago

Winnebago, Minn. — Standing in the front office of Corn Plus, Sheila Helland gazes at a wall with photograph of the plant’s employees. In a few days, most will be out of a job.

“It's been rough, it's been rough,” she said. “It's affecting a lot of people — a lot of people's lives."

Helland, who has been with the ethanol co-op since it opened 25 years ago, is the plant's human resources manager and was involved in late August with breaking the news to 37 Corn Plus workers that they were being laid off because the plant is closing indefinitely.

Located in Winnebago in south-central Minnesota, Corn Plus is one of Minnesota's first ethanol production facilities. Farmers pooled money to build it, and when it opened in the 1990s, it stood as an early symbol of the corn-based renewable fuel's ascendance in southern Minnesota.

The closure of Corn Plus is just the latest blow to the region’s agriculture industry. A combination of bad weather, low commodity prices and an ongoing trade war with China have taken a toll on most crop and livestock producers in this part of the state.

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https://www.postbulletin.com/agrinews/news/minnesota/grim-economics-wallop-ethanol-and-corn-producers/article_cdfd7390-d330-11e9-8c36-770780f0a104.html

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Response to RCW2014 (Original post)

Tue Sep 10, 2019, 03:10 PM

1. When you inject a food

Commodity, artificially into a fuel market you can expect about what were seeing right now.
Curious who was bankrolling $100,000.00 weekly losses for the last two years? Not many small businesses that i know can withstand those kinds of losses, without uncle sugar footing the bill, or investors willing to take a huge loss.

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Response to Feed-the-Bears (Reply #1)

Tue Sep 10, 2019, 03:14 PM

3. ''without uncle sugar footing the bill''...nah, that only happens for the evil greedy oil industry..

...just ask Solendra solar company...........opps, my bad!

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Response to RCW2014 (Original post)

Tue Sep 10, 2019, 03:11 PM

2. Good...''corn-based renewable fuel'' was an idiotic and wasteful use of a main ingredient in food.

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Response to quad489 (Reply #2)

Tue Sep 10, 2019, 05:00 PM

5. Monsanto has completely ruined the corn crop with their absurd GMO corn designed for the fuel

industry.

Now people and animals have to eat the tainted corn.

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Response to Grumpy Pickle (Reply #5)

Tue Sep 10, 2019, 07:03 PM

7. Heh, all while grasses

Sorghum, and others produce magnitudes more btu’s per acre than corn. But Monsanto, and a couple other agri-giants wouldn’t profit nearly as much, when their corn is on the market.

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Response to Grumpy Pickle (Reply #5)

Tue Sep 10, 2019, 09:30 PM

9. Monsanto does whatever our govt, run by both owned political parties, lets it get away with...

...same applies with all the companies that outsource to low wage/slave labor countries like China. Both parties could easily fix all those issues, but for $ome rea$on they refu$e to do that......

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Response to quad489 (Reply #9)

Tue Sep 10, 2019, 09:35 PM

10. I $ee what ya did there.

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Response to quad489 (Reply #2)

Tue Sep 10, 2019, 07:00 PM

6. Agreed

Funny how the farmers weren’t bitching about corn tripling in price about a decade ago. That boondoggle cost the average household thousands a year in food costs. Then there was the environmental impact of corn on millions of acres of previously CRP land throughout the entire midwest.
And we, the tax paying citizens will likely get stuck with a bailout bill.

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Response to RCW2014 (Original post)

Tue Sep 10, 2019, 04:00 PM

4. Ethanol fuel pollutes more than non-ethanol fuel. Simple fact.

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Response to Nostrings (Reply #4)

Tue Sep 10, 2019, 07:04 PM

8. Corn should be fuel for

Cows, not cars.

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Response to RCW2014 (Original post)

Wed Sep 11, 2019, 09:59 AM

11. Once teh full harvest is in- Corn will skyrocket.

Our crop is barely enough to meet US demand! Never mind selling any to China! Millions of acres were either not planted due to later cold and too much rain, or will not mature in time before the first freeze!

Also not heard is that many farmers lost their first crops (hay grass, alfalfa etc.) because of the cold and wet in the spring making the grounds unplantable.

Hay in some areas went from $5 a square bale to $60 a square bale due to extreme shortage!

With the fuyll effect of teh grand solar minimum coming next year and extending up to 3 decades, we need to get used to much higher food prices!

China has already raised food prices an average of 48%

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Response to RCW2014 (Original post)

Wed Sep 11, 2019, 11:19 AM

12. Ethanol, ANOTHER thing the government forces us to buy that is bad for us

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