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The poor economics of ethanol production because of the pandemic caused by the novel coronavirus and the global slump in oil prices has been compounded by a decline in export demand.
Biofuel producers are under desperate strain.
Green Plains CEO unveils “total transformation plan.”
The rules concerning required minimum distributions changed the age when the distributions must be taken from tax-deferred retirement accounts from 70½ years of age to 72.
No decisions have been made on when the third tranche will be made, but the timing is under consideration.
Think of the world as a petri dish and all the people living on the earth are the inoculants consuming all the petri dish’s resources. That is what is happening today.