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David Swenson of Iowa State University discusses recent troubles in the ethanol industry Monday at the North Dakota Grain Dealers Association convention in Fargo. David Samson / The Forum

Speaker questions value of ethanol

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FARGO, N.D. - The U.S. ethanol industry, which has taken some nasty hits in the past year, may never produce big economic gains for rural America, a researcher said Monday.

"Right now, I'm not very optimistic about how it will affect our rural economy," David Swenson said.

Swenson, a research scientist with the economics department at Iowa State University, spoke Monday at the North Dakota Grain Dealers Association's annual convention at the Fargo Holiday Inn.

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