How ethanol plant shutdowns deepen pain for U.S. corn farmers

13 Dec 2019

RACCOON TOWNSHIP, Ind./NEW YORK (Reuters) - When the U.S. ethanol industry was booming, Indiana farmer Paul Hodgen made good money selling about a quarter of his crop to a local facility that produced the corn-based fuel.

Now that plant has stopped churning out ethanol and has instead converted to a grain elevator for storage, Hodgen still sells his corn there, but for a fraction of the price.

“We are suffering for demand,” said Hodgen, a 40-year-old father of four.

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