Farmland
- May 5, 2020
-
Views: 37
COVID-19 Losses Forecast at $10 Billion for Ethanol Industry
![](https://dev.landreport.com/wp-content/uploads/2020/05/sorghum_fi.jpg)
The one-two punch of slashed production rates combined with a pandemic-related drop in demand could send US ethanol sales plummeting by a third for 2020, according to the Renewable Fuels Association. With 40 percent of every row of corn and one third of the annual sorghum crop planted to create ethanol, many American farmers expect to feel the pinch. In January, the industry supported 350,000 jobs across all sectors. RFA projections show that number dropping to 280,000 for the year with the industry’s contribution to the GDP shrinking by as much as a third. April’s federal agriculture relief package excluded assistance for ethanol. The RFA is urging leaders on Capitol Hill to come together on behalf of those farmers.
Click here to read more.
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
Land Report Top 10: Molokai Ranch
Totaling 55,575-acres, Molokai Ranch is the most significant offering in the state of Hawaii; the …
Land Report September 2015 Newsletter
While the U.S. economy suffers through starts and stops, land sales and land listings keep humming …
2018 Land Report 100: John Malone
No. 1 John Malone 2,200,000 acres In addition to its focus on the productivity and …
Elk Creek Ranch Acquires Seven Lakes
For those who are passionate about outdoor pursuits, the next great adventure can’t come soon enough.