JACKSON, Neb. After five years of operation Siouxland Ethanol is debt-free. Officials with the ethanol plant near Jackson, Nebraska say they have paid off $46-million in lender financing and paid out a second distribution to investors several months ago.

Siouxland Ethanol recently reported a profit for its 12th consecutive quarter of operation in the black. Board Chairman Tom Lynch says the company has a strong financial condition that has it positioned to make consistent distributions in the years to come.

In addition to selling ethanol, the plant produces and sells corn byproducts like distillers grain for livestock and corn oil for animal feed.

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