The COVID-19 outbreak exacerbated headwinds the ethanol industry was already grappling with, which included reduced gasoline consumption and softening exports. A recent report from CoBank indicates the ethanol industry currently has excess capacity of 1 billion gallons and this is expected to increase to 2.4 billion gallons in 2021.
Operating margins for producers had slipped to an average of 15 cents per gallon vs. the historical average of 28 cents per gallon. But in a…
This is content of added analysis for Registered users and VIP Members. Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
