Hungry ethanol plants consume 20% of corn crop

COON RAPIDS, Iowa – A tractor trailer rig rumbles into the Tall Corn Ethanol plant. Corn pours from openings in its belly to bins underground, where conveyor belts and buckets haul it to gleaming steel silos rising 13 stories above the Iowa plains.

The 40-acre distillery turns corn into alcohol in quantities that would make a moonshiner drool. Instead of white lightnin’, the brew is converted to ethanol, a fuel that makes money for farmers and is seen as a possible solution to today’s high oil and gas prices.

Like the other modern-day stills dotting the Midwestern landscape, the Coon Rapids plant reached capacity soon after opening – within 12 days, to be precise.

Ethanol production in the United States is growing so quickly that, for the first time, farmers expect to sell as much corn this year to ethanol plants as they do overseas.

“It’s the most stunning development in agricultural markets today – I can’t think of anything else quite like this,” says Keith Collins, the U.S. Agriculture Department’s chief economist.

AP