Thread: Fergus Falls ethanol files prearranged bk

Its the typical boom and bust cycle. Those that got in early got their plants built inexpensively and made good money while corn prices were down and gas prices rose. If they paid down their loans and built some equity and some reserves, they can probably weather the thinner margins for a while. But once they started making money, capital investment flowed in from everywhere to build lots of plants. Construction costs went up by abt 50%. And...

"Abt 20% of US ethanol plants expected to file bk. " I thought about 90% had already gone through bankruptcy at least once already. Are there any viable ethanol plants out there, ever? The ones sold at fire sale bankruptcy prices likely will make money, but anyone who paid top dollar to get in business is going bust quickly. t.

I thought about 90% had already gone through bankruptcy at least once already. Are there any viable ethanol plants out there, ever? The ones sold at fire sale bankruptcy prices likely will make money, but anyone who paid top dollar to get in business is going bust quickly. t. =================================== I rarely say "I told you so" but it sure as hell is tempting. What a dumb idea using food crops to burn in your...