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Raising corn for ethanol.

Knight Ridder/Tribune Business News

| January 31, 2005 | COPYRIGHT 2005 McClatchy-Tribune Information Services. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Matthew Wilde, Waterloo-Cedar Falls Courier, Iowa Knight Ridder/Tribune Business News

Jan. 31--IOWA FALLS, Iowa -- Raising corn that's highly fermentable and loaded with starch can be financially beneficial to farmers and ethanol plants.

Northeast Iowa is experiencing a boom in the ethanol industry. Hawkeye Renewables, a privately owned company based in Iowa Falls, recently opened a 45-million gallon plant in the community and started construction on a facility more than twice as big near Fairbank. Pine Lake Corn Processors near Steamboat Rock is expected to start producing 20 million gallons a year of the corn-based fuel additive in March.

The three plants will consume about 54 million bushels of corn a year.

This is about two-thirds of the total production of Hardin, Fayette and Buchanan counties, where the plants are located.

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