A former Secretary of Agriculture says he would advise against waiving the Renewable Fuel Standard (RFS).

Clayton Yeutter, who served as agriculture secretary under President George H.W. Bush from 1989 to 1991, says he believes the markets will resolve the current situation. “Markets work,” he said during an appearance at the 2012 Farm Progress Show in Boone, Iowa. “We’re seeing adjustments taking place in ethanol, in the livestock and poultry industries, we’re going to see adjustments in the price levels of grains moving forward. There’s going to be a rationing process and a rationalization process.”

Yeutter notes that it is the EPA’s decision to make, but if he were advising the administration in the matter, “my advice would be do not grant the waiver.”

Listen to or download Dr. Yeutter’s comments about the RFS here: Clayton Yeutter comments on RFS waiver request