CoBank: Ethanol Industry Needs to Transform Itself
A new report from CoBank’s Knowledge Exchange says the ethanol industry may have to diversify itself in the future.
The report says excess production capacity and reduced demand will force the U.S. ethanol industry to “transform its business model to create more value and improve its operational efficiency.”
CoBank predicts that consolidation within the industry will lead to larger and more financially stable companies with diversified ethanol co-product offerings by 2025.
“While ethanol remains an attractive business with long-term potential, the industry will need to evolve and diversify beyond fuel ethanol,” says Kenneth Zuckerberg, CoBank lead grain and farm supply economist.
“That diversity will need to include higher-margin co-products like high protein distillers’ grains for animal feed, liquid carbon dioxide for refrigeration, beverage grade alcohol, and other industrial products.”
COVID-19 led to businesses shutting down and people staying at home, causing significant ethanol demand destruction.
The industry had one billion gallons of excess capacity at the start of 2020, with that number projected to rise to 3.9 billion at the end of this year before it settles to 2.4 billion at the end of 2021.
Strong export growth would help reduce the excess, but current projections don’t support such an outcome.
Story Courtesy of NAFB News Service
Events Calendar
Calendar of Events
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1 event,
RSVP Bone Builders-Mondays
RSVP Bone Builders-Mondays
RSVP Bone Builders meet at: Redwood Falls Public Library from 9 am – 10 am
5 events,
RSVP Bone Builders-Tuesday
RSVP Bone Builders meets: Redwood Area Community Center at 10 am. Lamberton Community Center at 9 am […]
Friends of Gilfillan Farm Fest
Friends of Gilfillan Farm Fest
During Farm Fest Aug 2, 3, 4 we will be: Serving food in the pavillion Music on […]
Second Harvest Food Distribution
Second Harvest Food Distribution
Second Harvest food distribution pick-up is the first Tuesday of every month from 11 am - 12 noon […]
Redwood Area Alano Club-Tuesday
Redwood Area Alano Club-Tuesday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
2 events,
Redwood County Appliance and Electronics Collections
Redwood County Appliance and Electronics Collections
Bring your old, worn out, broken and unwanted appliances and electronics to the collection being held behind […]
Redwood Area Alano Club NA Meeting
Redwood Area Alano Club NA Meeting
NA Meeting at Redwood Area Alano Club. Every Wednesday Night 1008 S Ramsey St Redwood Falls MN
2 events,
RSVP Bone Builders-Thursdays
RSVP Bone Builders meets: Redwood Falls Public Library at 9 am. Redwood Area Community Center at 10 […]
Redwood County Museum
Redwood County Museum
Redwood County Museum by KLGR Radio Summer Hours starting on JUNE 2nd Thursday-Sun from NOON to 4PM
2 events,
Redwood Area Alano Club-Fridays
Redwood Area Alano Club-Fridays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Saturdays
Redwood Area Alano Club-Saturdays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Sunday
Redwood Area Alano Club-Sunday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
RSVP Bone Builders-Mondays
RSVP Bone Builders-Mondays
RSVP Bone Builders meet at: Redwood Falls Public Library from 9 am – 10 am
2 events,
RSVP Bone Builders-Tuesday
RSVP Bone Builders meets: Redwood Area Community Center at 10 am. Lamberton Community Center at 9 am […]
Redwood Area Alano Club-Tuesday
Redwood Area Alano Club-Tuesday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club NA Meeting
Redwood Area Alano Club NA Meeting
NA Meeting at Redwood Area Alano Club. Every Wednesday Night 1008 S Ramsey St Redwood Falls MN
3 events,
RSVP Bone Builders-Thursdays
RSVP Bone Builders meets: Redwood Falls Public Library at 9 am. Redwood Area Community Center at 10 […]
Minnesota River Area Agency on Aging
Minnesota River Area Agency on Aging
MINNESOTA RIVER AREA AGENCY ON AGING Administrative Office 201 N. Broad St. Suite 102 Mankato, MN 56001 […]
Redwood County Museum
Redwood County Museum
Redwood County Museum by KLGR Radio Summer Hours starting on JUNE 2nd Thursday-Sun from NOON to 4PM
2 events,
Redwood Area Alano Club-Fridays
Redwood Area Alano Club-Fridays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Saturdays
Redwood Area Alano Club-Saturdays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Sunday
Redwood Area Alano Club-Sunday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
RSVP Bone Builders-Mondays
RSVP Bone Builders-Mondays
RSVP Bone Builders meet at: Redwood Falls Public Library from 9 am – 10 am
3 events,
RSVP Bone Builders-Tuesday
RSVP Bone Builders meets: Redwood Area Community Center at 10 am. Lamberton Community Center at 9 am […]
Rubys Pantry Redwood Falls
Rubys Pantry Redwood Falls
Ruby's Pantry Food Distribution 3rd Tuesday of the month at the Redwood County Fairgrounds $25.00 cash donation […]
Redwood Area Alano Club-Tuesday
Redwood Area Alano Club-Tuesday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club NA Meeting
Redwood Area Alano Club NA Meeting
NA Meeting at Redwood Area Alano Club. Every Wednesday Night 1008 S Ramsey St Redwood Falls MN
4 events,
RSVP Bone Builders-Thursdays
RSVP Bone Builders meets: Redwood Falls Public Library at 9 am. Redwood Area Community Center at 10 […]
Minnesota River Area Agency on Aging
Minnesota River Area Agency on Aging
MINNESOTA RIVER AREA AGENCY ON AGING Administrative Office 201 N. Broad St. Suite 102 Mankato, MN 56001 […]
Redwood County Museum
Redwood County Museum
Redwood County Museum by KLGR Radio Summer Hours starting on JUNE 2nd Thursday-Sun from NOON to 4PM
Compassionate Friends Meeting
Compassionate Friends Meeting
Compassionate Friends is a grief support group for parents who have lost a child. Meetings are the […]
3 events,
55th Annual Butterfield Threshermen’s 2022
55th Annual Butterfield Threshermen’s 2022
Admission starting 4:30PM Friday Adults 13 & older $10, Children FREE This year we are featuring the […]
Redwood Area Alano Club-Fridays
Redwood Area Alano Club-Fridays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
2 events,
Redwood Area Alano Club-Saturdays
Redwood Area Alano Club-Saturdays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
Echo Days Parade
Echo Days Parade
Echo Days in Echo Parade Saturday, August 20th 4pm line up at the E.C.H.O. Charter School and […]
2 events,
St. Andrew’s Fun Fest in Fairfax
St. Andrew’s Fun Fest in Fairfax
St. Andrew's Fun Fest Fairfax, MN Sunday August 21, 2022 10:00AM Polka Mass Deep Fried Chicken Dinner […]
Redwood Area Alano Club-Sunday
Redwood Area Alano Club-Sunday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
2 events,
RSVP Bone Builders-Mondays
RSVP Bone Builders-Mondays
RSVP Bone Builders meet at: Redwood Falls Public Library from 9 am – 10 am
Wood Lake Fair
Wood Lake Fair
August 22, 23 & 24 Monday, August 22 SCAVENGER HUNT LITTLE SCRAPPER’S CHILDREN’S 4:00 Pick up bags […]
2 events,
RSVP Bone Builders-Tuesday
RSVP Bone Builders meets: Redwood Area Community Center at 10 am. Lamberton Community Center at 9 am […]
Redwood Area Alano Club-Tuesday
Redwood Area Alano Club-Tuesday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club NA Meeting
Redwood Area Alano Club NA Meeting
NA Meeting at Redwood Area Alano Club. Every Wednesday Night 1008 S Ramsey St Redwood Falls MN
3 events,
RSVP Bone Builders-Thursdays
RSVP Bone Builders meets: Redwood Falls Public Library at 9 am. Redwood Area Community Center at 10 […]
Minnesota River Area Agency on Aging
Minnesota River Area Agency on Aging
MINNESOTA RIVER AREA AGENCY ON AGING Administrative Office 201 N. Broad St. Suite 102 Mankato, MN 56001 […]
Redwood County Museum
Redwood County Museum
Redwood County Museum by KLGR Radio Summer Hours starting on JUNE 2nd Thursday-Sun from NOON to 4PM
2 events,
Redwood Area Alano Club-Fridays
Redwood Area Alano Club-Fridays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Saturdays
Redwood Area Alano Club-Saturdays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Sunday
Redwood Area Alano Club-Sunday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
RSVP Bone Builders-Mondays
RSVP Bone Builders-Mondays
RSVP Bone Builders meet at: Redwood Falls Public Library from 9 am – 10 am
2 events,
RSVP Bone Builders-Tuesday
RSVP Bone Builders meets: Redwood Area Community Center at 10 am. Lamberton Community Center at 9 am […]
Redwood Area Alano Club-Tuesday
Redwood Area Alano Club-Tuesday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club NA Meeting
Redwood Area Alano Club NA Meeting
NA Meeting at Redwood Area Alano Club. Every Wednesday Night 1008 S Ramsey St Redwood Falls MN
2 events,
RSVP Bone Builders-Thursdays
RSVP Bone Builders meets: Redwood Falls Public Library at 9 am. Redwood Area Community Center at 10 […]
Minnesota River Area Agency on Aging
Minnesota River Area Agency on Aging
MINNESOTA RIVER AREA AGENCY ON AGING Administrative Office 201 N. Broad St. Suite 102 Mankato, MN 56001 […]
2 events,
Redwood Area Alano Club-Fridays
Redwood Area Alano Club-Fridays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Saturdays
Redwood Area Alano Club-Saturdays
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]
1 event,
Redwood Area Alano Club-Sunday
Redwood Area Alano Club-Sunday
Alano Club is now open to all scheduled meeting. We are asking all to use social distancing. […]