David Swenson, associate scientist, was quoted in the Oct. 7 The Gazette story, "Iowa farmers calling it quits could increase, economists say." “Farmers can’t continue to do that. So it does create stress and it does create the probability that more of those operations are going to go under,” said Swenson.
Swenson was also interviewed Oct. 4 by Scott McFetridge, Associated Press, about the recent announcement that the Trump administration was going to roll back the waivers that had threatened to reduce the amount of ethanol blended into the nation’s fuel supply.
Although the refinery waivers have been blamed for spurring the closure of several ethanol plants, Iowa State University economist Dave Swenson said the industry still may struggle because demand for the fuel in the last few years hasn't kept pace with the increased supply.
"The industry has been in trouble for a relatively long time," Swenson said.
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