Look for more ethanol bankruptcies

The ethanol industry is headed for a shakeout and consolidation as a record number of plants face bankruptcy, lenders attending the American Bankers Association's Agricultural Bankers Conference were told Monday. "There's very possibly going to be 40 plants by the end of January that are in Chapter 11 [bankruptcy]" merger and acquisition specialist Mark Lakers told the bankers at their annual meeting in Des Moines, Iowa.