TRACTOR PARTS Allis Chalmers Case & David Brown Farmall & International Ferguson Ford & New Holland John Deere Massey Ferguson Massey Harris Minneapolis Moline Oliver & Cockshutt Kubota / Yanmar

TRACTOR MANUALS

Allis Chalmers	Case	Farmall IH	Ford 8N,9N,2N	Ford
Ferguson	John Deere	Massey Ferguson	Minn. Moline	Oliver

Tractor Talk Discussion Forum

'nother Ethanol Conglomerate Bankruptcy

Welcome Guest, Log in or Register

Author

02-02-2009 18:10:33

Report to Moderator

Maybe I should dump the corn I have in storage before it gets worse?

JEFFERSON, Wis. -- The company that runs Wisconsin's biggest ethanol plant has filed for bankruptcy reorganization.

But Renew Energy LLC Chief Executive Officer Jeff White said the company hopes to come out of bankruptcy around the middle of the year after reorganizing its balance sheet, possibly through a sale. He said the plan is to continue operations at current levels to keep the business attractive to potential investors or acquirers.

The Renew Energy plant started operations in January 2008.

Jefferson County Economic Development Consortium executive director Dennis Heling said the plant got caught in a situation of rising corn prices and a falling market for ethanol.

White said the Chapter 11 filing last Friday does not affect a sister plant, Utica Energy LLC.

[Log in to Reply] [No Email]

NEsota

02-02-2009 19:48:09

Report to Moderator

Re: 'nother Ethanol Conglomerate Bankruptcy in reply to e, 02-02-2009 18:10:33

One of the differences between capitalism and other systems is that correct decisions are rewarded and others fail. Maybe, the rewarded can then go on to more successes and the others will have a chance to figure out what they did wrong. The looser can do some more thinking before trying again. Seems to me that the ethanol plant investors, may have much in common with those who thought that Bernie Madoff was their answer.

[Log in to Reply] [No Email]

fixerupper

02-02-2009 19:22:23

Report to Moderator

Re: 'nother Ethanol Conglomerate Bankruptcy in reply to e, 02-02-2009 18:10:33

Some marketers claim corn prices will go up in the spring. The local ethanol plant by me is in chapter 11 and on 'hot idle' with all employees still employed but sitting around doing nothing. It's going on the auction block in mid-march with the bidding ending the end of march. We are real anxious to find out what the outcome will be. Wanna buy and ethanol plant? I'm betting it'll go cheap. Ten cents on the dollar.Jim

[Log in to Reply] [No Email]

[Options] [Printer Friendly] [Posting Help] [Return to Forum] [Log in to Reply]

TRACTOR PARTS	TRACTOR MANUALS

We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]

Home | Forums

Copyright © 1997-2023 Yesterday's Tractor Co.
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy

TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.

Yesterday's Tractors - Antique Tractor Headquarters

Website Accessibility Policy