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How is ethanol affecting your basis?
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usafarmer
Posted 11/26/2007 20:46 (#246307 - in reply to #246098)
Subject: RE: How is ethanol affecting your basis?


Newfane NY
Great. I figure we are getting $.25 per bu better for our corn since the new plant opened on Nov. 1st. All the regular buyers call and tell me they will follow the plants price, want to sell corn? I tell them I wanted to sell in Aug and Sept and you told me no way, prices are comming down. So I sold to the plant.

At this time the plant will be great for this area. I need atleast 3 or 4 years to pay for the new setup. Man in charge of plant says they will be here for a long time.

John
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