AGP closes corn processing plant in Hastings (NE) [View all]
Source: Omaha World Herald
By Emily Nohr
The Ag Processing Inc. corn processing plant in Hastings, Neb., has closed.
The Omaha-based company announced the closure on Friday, effective immediately, citing ongoing economic challenges the ethanol industry is facing.
The company said its human resources department is working with the 43 employees affected but declined to say whether employees would be laid off or transferred to other segments of the business.
“The decision to shut down our corn processing plant in Hastings was very difficult due to the employees affected and the loss of an important market outlet for area farmers,” said Keith Spackler, CEO and general manager of AGP, in a press release. “Our facility, like other corn processing plants in the Midwest, continues to experience negative margins due to higher corn prices driven by ongoing drought conditions, and lower ethanol prices.”
FULL story at link.
Read more: http://www.omaha.com/article/20130202/MONEY/702029937/1697#agp-closes-corn-processing-plant-in-hastings
Marta and I have been buying E-10 since 1977. Only 2 stations in Omaha offered it then. We still support E fuel, even though there are many that are against it for several different reasons. Environmentalists are still split on this issue.
43 jobs lost.
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