Ethanol industry still recovering from impacts of COVID
Friday, November 6, 2020
Ethanol production dropped to record lows in April when stay-at-home orders were put in place and the industry is still struggling, according to Farm and Dairy.
Ethanol production took a hit when people stopped driving and demand fell by half. A recent study conducted by economists from the University of Florida and Arizona State University found ethanol producers will experience an estimated $8 billion loss this year, due to the COVID-19 pandemic’s impact on world fuel markets.
Although production has slowly increased since the spring, 2020 production levels are still projected to be below 2019 levels.
Learn more: Farm and Dairy > Ethanol industry still recovering from COVID hit
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.