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

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LINCOLN, Neb. (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.

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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

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