Three years ago, cheap corn, easy financing and disruptions in gasoline production fueled a dramatic expansion of the ethanol industry. Plants popped up like mushrooms across the plains. Since then, financing has largely dried up and many operators have declared bankruptcy. With capital tight and investors scarred from the industry's crash, making the expensive transition from corn to some other basic ingredient for ethanol could take a long time.
Frank Morris reports for member station KCUR in Kansas City, Miss.