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Ethanol Restructurings On The Horizon

Law360 (October 10, 2007, 12:00 AM EDT) -- An ethanol boom spurred by federal funding, private investment and intense farm lobby support is now quickly fading. And many companies may find themselves bankrupt after the impending shake-up of the ethanol industry, lawyers say.

Last year, corn-based ethanol was seen as the savior of the farm belt, which saw its return from corn products shoot to record levels after decades of declining prices. But now, with higher construction and feedstock costs combined with a drop in ethanol prices, previously profitable facilities are scrambling to make...
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