National Ag News
POET breaks ground on Marion, Ohio expansion
The CEO of POET Biorefining says expansion to the company’s Marion (Ohio) facility will help improve farmers’ bottom line.
Jeff Broin says by expanding biofuels production they will help increase demand for corn are below the cost of production
“Anytime we create demand we can help the farmer,” he says. “Today prices on the farm are below the cost of production and farmers are hurting out there and so expansions like this one can tighten the grain supply, not just in the this area but for the entire country and the world and help to make an impact on prices.”
He says farmers are struggling with low commodity prices and decreasing land values and continued growth in the biofuels industry could help offset those challenges.
Continue reading POET breaks ground on Marion, Ohio expansion at Brownfield Ag News.
