Bioenergy

Private Investors Storm Ethanol Industry

[Associated Press] For three long years, Roger Young barnstormed through Missouri, speaking in small-town churches, VFW halls and community centers, asking any farmer who would listen to invest his hard-earned money in a new ethanol plant. Young eventually raised more than $14 million, bit by bit, collecting $15,000 here and $30,000 there. The ethanol plant is under construction in this rural northeast Missouri town and like many others, is owned largely by farmers. “The financial part it — I would never, ever, ever want to go through that again,” Young said. “You’d be on a high one day, and the next day you’re bouncing your butt off the floor.”