Representatives of the U.S. livestock and poultry industries testified before a House agriculture subcommittee today that changes in ethanol policy are necessary to ensure the availability of corn for animal feed, but the ethanol industry disagrees. According to the Renewable Fuels Association, America’s ethanol producers are on pace to produce nearly 40 million metric tons of livestock feed in 2011 …
RFA CEO Visits Farm Progress Show
The Renewable Fuels Association (RFA) president and CEO Bob Dinneen visited with farmers, friends and the farm media at the 2011 Farm Progress Show in Decatur, Illinois this week. Dinneen has been traveling around the Midwest this month and says he is always amazed by the ability of the nation’s farmers to do their job, no matter what Mother Nature …
Ethanol and Motorcycles Mix it Up
The Renewable Fuels Association (RFA) proved once again this year that ethanol and motorcycles do mix well together. This edition of “The Ethanol Report” features the 71st Annual Sturgis Motorcycle Rally held August 8-14 in Sturgis, SD. RFA Director of Market Development Robert White and his father Jere White, Executive Director of the Kansas Corn Growers, talk about the importance …
Ethanol Report on Senate Compromise
An agreement was announced Thursday by U.S. Senators John Thune (R-S.D.) and Amy Klobuchar (D-Minn.) and Dianne Feinstein (D-CA) that would end the existing 45 cent per gallon Volumetric Ethanol Excise Tax Credit and associated import tariff at the end of this month, reducing the nation’s deficit by $1.3 billion while still providing $668 million for renewable fuel incentives such …
Ethanol Report on Energy Independence for Boaters
The Independence Day holiday is one of the biggest boating days of the year so it’s a good time to remind boaters that ethanol is helping to make our nation more energy independent. This edition of “The Ethanol Report” is about how ethanol producers and boat racers have teamed up to show that 10 percent ethanol runs perfectly well in …
Biofuels Benchmarking Annual Report Released
Christianson & Associates, a CPA and consulting firm for the ethanol, biodiesel and renewable energy industry, today released its 2nd Annual Biofuels Benchmarking Report. The report found several key findings: profitably increased for the industry on average 8 cents; equity to asset ratio increased more than 10 percent; and working capital improvements enabled plants to decrease long-term debt by an …
Ethanol Future Could be Headed to Senate Showdown
After the defeat Tuesday in the Senate of an amendment by Sen. Tom Coburn (R-OK) to immediately eliminate the Volumetric Ethanol Excise Tax Credit (VEETC), the ethanol industry is supporting another approach and the two concepts could be heading for a showdown in the Senate before the end of the month. “That indeed has been teed up with a commitment …
Ethanol Faces Double Attack in Senate
The ethanol industry is facing a double pronged attack in the U.S. Senate. Sen. Tom Coburn (R-OK) went to the floor last night with an amendment to eliminate the Volumetric Ethanol Excise Tax Credit (VEETC) immediately, while at the same time Sen. John McCain (R-AZ) is proposing to eliminate funding of ethanol infrastructure. “It is a two-pronged attack, it is …
Ethanol Report on Domestic Energy Bill
A bill was introduced today in the Senate that would modify the current ethanol blender’s tax credit set to expire at the end of this year. Renewable Fuels Association president and CEO Bob Dinneen says the bipartisan Domestic Energy Promotion Act of 2011 introduced by Sen. Chuck Grassley (R-IA) already has a number of co-sponsors. “Senators Conrad, Johanns, Klobuchar, Franken, …
RFA Says Ethanol Helps Gas Prices
The latest average cost for a gallon of gas nationwide, as reported by AAA, is $3.88, but it would already be $4.00 a gallon without ten percent ethanol. According to the Renewable Fuels Association (RFA), based on current market conditions and federal renewable fuels policy, 10 percent ethanol blends (E10) are keeping gasoline prices $0.12 per gallon cheaper than they …