POET Biorefining is an ethanol plant in Portland. (STAR PRESS FILE PHOTO)
POET Biorefining is an ethanol plant in Portland. (STAR PRESS FILE PHOTO)

By Seth Slabaugh, Star Press

seths@muncie.gannett.com

Thanks to record-high corn prices, Madison County corn grower Mike Shuter can afford to buy two new planters costing $155,000 each.

You'd think that would be a good thing.

Yet it's those same lofty corn prices that are putting Shuter and other farmers on the defensive.

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