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Corn Ethanol is Decimating the Best Long-Term Cust 02/07/2011 @ 3:09pm This is the scenario I see playing out. Step (1) Corn ethanol destroys the U.S. livestock sector, maybe even causing it to move offshore as livestock firms continue to go bankrupt -- this step is well under way. Step (2) Corn ethanol is replaced by cellulosic or other non-food sources as the largest ethanol feedstock -- this step is just starting Step (3) Prices of corn and all grains that were "pushed out" by corn ethanol (like soybeans) drop Step (4) World interest rates rise Step (5) MAJOR FARM CRISES as the two largest domestic customers (livestock and corn ethanol) have been hurt badly or eliminated, grain prices have been hammered and cost of capital is through the roof. When this happens do you think Jeff Broin, RFA, Growth Energy, NCGA and Purdue will bail us out! People save your money. It is hard to imagine it now, but we are heading toward a crises that will allow cash buyers to scoop up farm property at incredibly low prices. They said it was a "new era" in the late 70's too. Remember the early 80's? This time it's different, farmers have less debt. Have you seen the latest Fed data showing farm debt is through the roof. I have seen this movie before and I wish SF, Purdue and others would do a better job of warning people rather than pumping (no pun intended) corn ethanol hype all the time.

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