I wanted to send out a quick informational update about us here at the plant. Due to the current circumstances and the demobilization of the country, during the next couple of weeks Husker Ag has elected to keep one of our plants down. We just completed a spring maintenance turnaround and rather than bring both plants online, we are waiting until we see a more clear picture of the virus and fuel demand as the terminals are starting to fill up.
We are in fine financial standing, with a large unused line of credit, as well as significant cash assets. We will continue to pay timely for your corn.
Also, we are taking every precaution to safeguard our employees, and as such are restricting access to the site by outside visitors and vendors. We also ask that you follow our signs and policies when you are on the property.
This week, the Department of Homeland Security reaffirmed that ethanol plants are a part of the Nation’s Critical Infrastructure. So as such, we are fairly confident that we will continue to operate even in a quarantine situation.
We appreciate your business and we will try to keep updating you as things change.
EPA is considering 32 requests by petroleum refiners to exempt them from 2019 Renewable Fuel Standard blend obligations. Industry sources have told DTN a decision on new exemptions by EPA Administrator Andrew Wheeler is "imminent," but some wording in another EPA plan to help oil refiners suggests no new small-refinery exemptions are coming.
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Quote of the Day
"Those who are skilled in archery bend their bow only when they are preparing to use it; when they do not require it, they allow it to remain unbent, for otherwise it would remain unserviceable when the time for using it arrived. So it is with man. If he were to devote himself unceasingly to a dull round of business, without breaking the monotony by cheerful amusements, he would fall imperceptibly into idiocy, or be struck by paralysis."
Pointing to the need to improve farmers' trust in the various crop reports
from the National Agricultural Statistics Service, the American Farm Bureau
Federation put together a farmer-led working group that spent more than four
months looking at NASS' processes and methodologies to develop recommendations
for the agency's data collection.
1^AFBF Asks NASS for Change
The U.S. Court of Appeals for the District of Columbia Circuit granted an
emergency stay on EPA's latest granting of three small-refinery exemptions.
BFederal Court Stays EPA Action on SREs
President Joe Biden entered the White House with a list of 17 immediate
executive actions and plans to introduce a new immigration bill for Congress.
Some of his actions are likely to draw conservative criticism.
BBiden Quick With 17 Executive Actions
Retail prices for six of the eight major fertilizers tracked by DTN
climbed this week, with MAP once again leading the pack upwards.
7^DTN Retail Fertilizer Trends
Decatur, Michigan, farmer Michael Stamp was sentenced to eight years in
prison and ordered to pay $23 million in restitution for bank fraud and false
statements to the Federal Crop Insurance Corp.
BStamp Sentenced to 8 Years in Prison