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We asked Virginia Farm Bureau market analyst Jonah Bowles for his perspective on the ethanol market. "They built that at a very difficult time in the economy and a number of other things going. To produce a plant such as that, for one reason or another, the plant was unable to come up to speed in production."
Bowles says any local ethanol producer may face any number of business challenges, including having to import barley. Since Osage started construction, Virginia farmers have increased barley crops by 50%. But
Bowles says that's still likely not enough and Osage may still have needed to import more from the midwest.
Said Bowles, "The relative cost of corn or barley in the major growing areas are much lower than they are here in a grain deficit state. So to bring in the quantities into the State of Virginia would be done in very large quantities at a lower-per-bushel rate. So there's a transportation cost, but probably the benefit of price."
We asked Virginia Farm Bureau market analyst Jonah Bowles for his perspective on the ethanol market. "They built that at a very difficult time in the economy and a number of other things going. To produce a plant such as that, for one reason or another, the plant was unable to come up to speed in production."
Bowles says any local ethanol producer may face any number of business challenges, including having to import barley. Since Osage started construction, Virginia farmers have increased barley crops by 50%. But
Bowles says that's still likely not enough and Osage may still have needed to import more from the midwest.
Said Bowles, "The relative cost of corn or barley in the major growing areas are much lower than they are here in a grain deficit state. So to bring in the quantities into the State of Virginia would be done in very large quantities at a lower-per-bushel rate. So there's a transportation cost, but probably the benefit of price."
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