NEWS
Tue Nov 5, 2013 09:25 AM CST

NEW YORK (DTN) -- Green Plains Renewable Energy, Inc., on Tuesday said it has entered into a definitive agreement to acquire two BioFuel Energy Corp. ethanol plants from an entity composed of its lender group at a cost of $101 million.

The ethanol plants with a combined capacity of 220 million gallons a year are located in Wood River, Neb., and Fairmont, Minn.

Green Plains is based in Omaha, Neb.

The acquisition will boost Green Plains' annual production capacity by 28% to over 1.0 billion gallons of ethanol, 2.9 million tons of distillers' grains and 230 million pounds of corn ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Ample Stocks Ahead Drought recovery in many areas has led to higher stocks, brighter production prospects and modera...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Klinefelter: By the Numbers Deteriorating profit margins flip the fortunes of big renters and conservative owner-operators. I...
  • Training for Sustainability The Hmong American Farmers Association is helping producers who migrated to the United States fol...
  • Ask the Vet What are these crusty scabs on my cattle?
Related News Stories