June 7 - Agriculture Online - This week's announcement that the local owners of Dakota Ethanol, a 48-million gallon ethanol plant in Wentworth, South Dakota, plan to merge with Countryside Renewable Energy, LLC, may not be the last.
Countryside, founded by Des Moines, Iowa, venture capitalist John Pappajohn, has been set up to facilitate the mergers of smaller farmer-owned plants into a larger business able to compete as bigger players move into ethanol production.
"For independents, this is a middle ground between standing alone and selling out," Brian Woldt, a farmer and Dakota Ethanol board member told Agriculture Online. "Consolidation is both an offensive and defensive move. If it's going to happen, you can shape what it will look like." Read More.
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