Biodiesel and Ethanol Investing

Missourian reports that Missouri agriculture officials have effectively taken over and suspended the grain dealer license of a western Missouri biodiesel plant. Missouri Agriculture Department Director Jon Hagler said the state intervened to ensure farmers were paid for the soybeans sold to the Prairie Pride biodiesel plant. He said after farmers have been paid, the next step is for the biodiesel plant to work with new partners to improve its financial footing. Prairie Pride officials said the biofuels industry had been hampered by the loss of federal biodiesel tax incentives.