« US Home Ethanol Maker Gets Boost From Record Oil | Home | Bio-Insanity: Ethanol Subsidies Will Make Food Costs From Flooding Worse »
Ethanol Interest Lags As Corn Prices Rise
By Mr Ethanol | June 30, 2008
Indianapolis Star:
Last year Wally Tyner, a professor of agricultural economics at Purdue University, said he never thought he would see corn reach $4 per bushel.
Last year it did just that. And this year, it’s on pace to break the $8-per-bushel mark.
With farmers expecting lower yields in their corn crops because of delayed planting, wet conditions and flooding, the high prices could help keep their profits normal or even up from previous years.
But for the corn-based ethanol industry, the high prices mean the product isn’t that attractive anymore.
“There’s actually an impetus for us to push harder toward alternatives to corn-based ethanol,” said Sonny Ramaswamy, director of agricultural research programs and associate dean for research in the College of Agriculture at Purdue. “Really now, the ethanol companies are having a hard time sustaining at the price that (corn is) at.”
VeraSun Energy, which owns a corn-to-ethanol plant in Linden, has put three plants it expected to build, including one in Reynolds, on hold. Continued.
Topics: Ethanol, Market, Prices |
Related Posts
- Record Oil Prices Reinforce Need For Renewable Energy Alternatives
- Biofuel Funds Are Taking Off
- Ethanol Production Continues To Rise
- Corn Ethanol Not Culprit For Food Inflation
- Ethanol Keeps Gas Prices Down
- Ethanol Makers
- Bright Future For JB Ethanol, Says Levy
- Has The Fear Factor Made Ethanol Stocks A Bargain? (PEIX, AVR, VSE, GPRE)
- How To Solve The Global Food Crisis
- Ethanol Boom May Boost US Natural Gas Prices
New Way Of Making Easy Money Online