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Ethanol Benefiting Farmers
By Mr Ethanol | April 3, 2008
Fergus Falls Daily Journal:
The ethanol plant owned by Otter Tail Ag Enterprises will use about 19.5 million bushels of corn a year, good news to farm growers in Otter Tail County. An economic impact of close to $110 million annually is expected, according to the Renewable Fuels Association.
Located northwest of Fergus Falls, the ethanol plant is permitted to produce up to 65 million gallons of ethanol a year. In the start-up stages, however, production is expected to be 55 million gallons a year, according to Otter Tail Ag CEO Kelly Longtin.
“For many county farmers, all of their corn this year will end up at our ethanol plant,” Longtin said. “Some haul the corn directly to the ethanol plant itself while others haul corn to Harvest States along Highway 210 west of Fergus Falls.”
On April 1 the corn price quoted by Otter Tail Ag Enterprises (ethanol plant) was $5.59 per bushel and the Harvest States quote was $5.50 per bushel. Harvest States is the procurement agent for Otter Tail Ag Enterprises.
“Minnesota didn’t get its reputation as a leader in the ethanol industry by accident. It took years of hard work by highly motivated people who believe in the renewable fuel and its benefits,” said Kris Bevill, an Ethanol Producer Magazine writer.
Photo: Zak Holtan.
Topics: Agriculture, Ethanol, Positives |
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