High corn price prompting ethanol plant shut - KTIV News 4 Sioux City IA: News, Weather and Sports

High corn price, low profit margin prompting ethanol plant shut downs

Posted:
LINCOLN, NE (AP) -

Almost one-third of Nebraska's 24 ethanol plants have been shut down because high corn prices make it unprofitable to keep them running.  Ag Processing, Incorporated said Friday that it had shut down its 55-million-gallon-a-year plant in Hastings.

It's the 7th plant in the state that has shut down.

Nebraska Ethanol Board administrator Todd Sneller says several ethanol plants nationwide have been idled because of high corn prices and dwindling profit margins.

He says many of the plants that remain open are maxing out production to help meet demand.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KTIV Television Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy, Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Kathy Clayton at (712) 239-4100 x209. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.