Little Falls ethanol plant suspends operations
LITTLE FALLS, Minn. (AP) — The high price and low supply of corn has idled an ethanol plant in Little Falls.
The Central Minnesota Ethanol Co-op has suspended operations. The plant's general manager, Dana Persson, says that until they can buy corn or sell ethanol at a better price, it's to their advantage to stop production.
The St. Cloud Times (http://tinyurl.com/8vqdlkz ) says the co-op began operating in 1999 and has produced about 21 million gallons of ethanol a year. The cash price for a bushel of corn is currently $7.27 compared to $4.87 a bushel in November of 2010.
Information from: St. Cloud Times, http://www.sctimes.com
Copyright 2012 The Associated Press.