Farmland, News Desk, Resources
- November 7, 2008
-
Views: 49
Top Ethanol Producer Files For Bankruptcy
Warning: Trying to access array offset on value of type bool in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/tags/post-featured-image.php on line 36
One of the leading stories of 2008 has been skyrocketing commodity prices and the corresponding surge in land values throughout the Midwest, Great Plains, Southwest, and other mineral-rich areas of the country. Although the bubble has by no means burst, there are definitely signs of a slowdown, particularly given the recent bankruptcy filing by one of the nation’s largest ethanol producers, VeraSun Energy Corp.
VeraSun went public in 2006 just as interest in alternative energies was peaking. But as these stories in The New York Times and The Wall Street Journal indicate, since then it’s been all downhill for the South Dakota-based company, which was trading at 48 cents a share, well of its 52-week-high of $17.75.
Who says Wall Street is the only place where people are making bad bets?
Warning: Undefined array key 0 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
Warning: Undefined array key 1 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
RELATED ARTICLES
The Land Report Spring 2018
The Magazine of the American Landowner announces the 2017 Deals of the Year: Deal of the …
The Land Report Top Ten: Winter 2015
The nation’s leading land listings feature an average price of $167 million. — The Editors …
New Mexico Suspends Sale of Pueblo Acreage
The New Mexico Taxation and Revenue Department has temporarily suspended the sale of 8.7 acres …
Elk Creek Ranch Acquires Seven Lakes
For those who are passionate about outdoor pursuits, the next great adventure can’t come soon enough.