Ethanol Producers Struggle in Early Winter
Plants are being forced to pay a premium to persuade growers to combine
Farmers are leaving their crops in the fields, and it's causing a problem for ethanol producers, reports KFYR TV.
Plants are being forced to pay a premium to persuade growers to combine.
After the early snow in October, a lot of farmers are playing the waiting game. Either for the crops to dry or for the price of commodities to go high enough to be worth combining in the snow. But ethanol plants don't have time to wait.
But North Dakota's five ethanol plants are still rolling 24 hours a day, seven days a week. And they're feeling the market's pressure to produce.
Two plants in North Dakota are paying upwards of 50 cents/bushel more to persuade farmers to combine what they have.