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Ethanol Plants Hungry for Corn
The boom in buildling ethanol plants is hitting a snag - farmers are relluctant to dedicate their crops to the facilities. This could slow down the construction of the plants - meaning that companies and workers who hoped that the atlernative fuel craze would offer them jobs and a paycheck. With the housing industry in the dumps, any surge in construction, especially for alternative fuels and energy, is a source of optimism. Iowa is getting into the wind farm business big time, along with other states, and ethanol production is seen as a salvation for farmers and companies that build the plants (though meat producers who buy corn for feed are not as happy about corn prices and subsities for farmers).
I'm going to be looking at other Midwest states to see if the trends are expanding. I would appreciate any feedback from contractors that are seeing profits in these new industries.
Ethanol Plants Hungry for Corn
March 18, 2008
The boom in buildling ethanol plants is hitting a snag - farmers are relluctant to dedicate their crops to the facilities. This could slow down the construction of the plants - meaning that companies and workers who hoped that the atlernative fuel craze would offer them jobs and a paycheck. With the housing industry in the dumps, any surge in construction, especially for alternative fuels and energy, is a source of optimism. Iowa is getting into the wind farm business big time, along with other states, and ethanol production is seen as a salvation for farmers and companies that build the plants (though meat producers who buy corn for feed are not as happy about corn prices and subsities for farmers).I'm going to be looking at other Midwest states to see if the trends are expanding. I would appreciate any feedback from contractors that are seeing profits in these new industries.
Posted by David M. Huey on March 18, 2008 | Comments (0)
Industries: Building Construction
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