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 Administrator Andrew Wheeler said his agency doesn't plan to release proposed Renewable Fuel Standard volumes before Friday's federal holiday. The ethanol industry has been anticipating the release of those volume levels. Wheeler held a call Wednesday mainly to tout environmental provisions in the USMCA deal.
The third annual DTN/Progressive Farmer Digital Yield Tour, powered by Gro
Intelligence, kicks off next week, taking an in-depth look at corn and soybean
production potential in 10 states.
BDTN 2020 Yield Tour
Family members, union representatives and advocates told a Nebraska
legislative committee on Thursday about the struggles facing packing plant
workers throughout the COVID-19 pandemic. A state lawmaker is pushing for the
state to enact higher safety standards for workers at packing plants.
1^Packing Plants and COVID-19
COVID-19 caused extensive harm to the economy and damaged the bulk of
commodity prices in 2020. In the past three months, however, five ag
commodities have posted positive gains and outperformed the S&P 500, an
interesting display of bullish resilience in a tough year.
Estate and succession planners say the coronavirus pandemic has increased
interest in updating plans as families have sensitive conversations about what
would happen to the farm and the business if someone falls ill.
BPandemic-Proof Your Farm Legacy
U.S. agricultural exports are down, and the overall ag trade balance set a
record monthly deficit in June.
BLooking at Ag Exports