Investors Seek Ethanol
Farmers don't usually see opportunities to make a lot of cash and are not ususally seen as moneymakers. Recently however, more and more have been approached by investors with big offers and promises of becoming rich....The reason...Ethanol. Some investors have offered $275 million to farmers for their corn to create ethanol. Some farmers are excited that this is a way to increase the value of agricultural commodities, others however are reluctant to sell, even though Ethanol prices have fallen and corn has gone up a whole dollar to $3 per bushel.
Investment seems like a great idea, but the article advises that farmers must be careful. Some of the offers and investment firms approaching them are not legitimate and do not have experience in the industry.
What do you think? What should these farmers do?
http://www.nytimes.com/2006/11/02/business/02windfall.html?pagewanted=2&ref=business
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