Tag: blindsides

CHICAGO (Reuters) - Shrinking ethanol profits and a deepening recession that helped topple biofuels giant VeraSun into bankruptcy last month will force U.S. farmers to be far more skeptical of their corn buyers in the future.

Farmers welcomed the rapid expansion of ethanol producers whose deep pockets helped propel price of corn to record highs.

But the financial woes of some ethanol makers are spilling into rural America, souring the once cozy relationship between farmers and companies that purchase corn and process it into fuel.