Fontanelle, IA | SoDak Farms - 9/11/2024 21:10
Ethanol was expensive too. However, with government mandates, the industry matured and produced an even cheaper product. What are the odds of there wasn’t such a barrier to entry into the market something else couldn’t have come into play?
Land that was bought cheap pre ethanol is what built most of the elder generations farming wealth, not being shareholders and such in plants. Land values went up because of greatly increased demand via ethanol.
I'd say cheap interest and money printers that went brrr inflated land values.
Broin's were running their own "designed" plant in a barn or shed or something and running their own cars on 1970's distillation technology, Loan rate corn, and beating the price of gasoline at the pump.
The barrier to entry for "something else" was that the "something else" couldnt cause cancer or ground water contamination and be cheap. Benzene/toluene and all the 'ene's aren't exactly pleasant to be around. 2.5 Gal per bushel conversion on $2 corn was how "cheap corn ethanol" won the mandate. |
Vilsack says imports should qualify for 45Z
