The folks from the Renewable Fuels Association are pointing to two university studies as proof any waiving of the Renewable Fuel Standard (RFS) would not significantly lower corn prices. The issue came to the forefront in the last few weeks as the drought pushed corn prices to record levels, and livestock groups look to the RFS waiver as relief from …
RFS Waiver Would Not Immediately Impact Corn Prices
While a new report shows that a waiver of the Renewable Fuels Standard could drop corn prices, the impact would not be felt this year and could vary. The Purdue University report, entiled Potential Impacts of a Partial Waiver of the Ethanol Blending Rules, was authored by the school’s Wally Tyner, Farzad Taheripour and Christopher Hurt and presented today in …
Corn Growers Ask for Careful Analysis of RFS Waiver
While Govs. Bev Perdue of North Carolina and Mike Beebe of Arkansas have petitioned the EPA to waive the Renewable Fuels Standard (RFS) for ethanol in light of the drought gripping much of the corn-producing region of the country, a supplier for both sides in the argument has called for careful analysis of the situation. The National Corn Growers Association… …
Ethanol Industry Urges EPA to Deny RFS Waiver
Two state governors have reportedly made an official request to the EPA to waive the RFS for corn ethanol, and the ethanol industry is wasting no time saying it should be denied. According to this Reuters article, North Carolina Gov. Bev Perdue and Arkansas Gov. Mike Beebe have asked the EPA for a waiver to the Renewable Fuels Standard (RFS), …
RFA: RFS Waiver Brings No Lower Prices for Anyone
Officials with the Renewable Fuels Association (RFA) say if the EPA grants a waiver to the Renewable Fuels Standard (RFS), it would not bring the hoped-for reduction in feed prices for livestock producers and lower prices for consumers at the grocery stores. The calls for the waiver grew louder after last Friday’s USDA crop report showed a 13 percent reduction …
Farm Foundation to Discuss RFS Waiver
As I mentioned in the previous post, talk about waiving the Renewable Fuels Standard for ethanol continues on. This time, our friends from the Farm Foundation will be hosting a web conference, Thursday, August 16, 2012 at 10 a.m. CDT. Three Purdue University economists will take part in the free conference, discussing the impact of waiving the RFS, especially in …
RFA to Hold Webinar on Corn Crop, Ethanol & RFS
A lot of talk over the weekend, as the USDA put out its crop report with the expected 13 percent drop in corn production due to the drought. The folks at the Renewable Fuels Association hope to give some clarity to the situation tomorrow morning (August 14th) when they host a webinar talking about the relationship between the crop, ethanol …
Corn Growers Remain Optimistic
Corn growers remain optimistic about the future, despite this year’s drought-devastated crop. “It could all change tomorrow,” was the theme of National Corn Growers Association (NCGA) CEO Rick Tolman’s talk at the American Coalition for Ethanol conference in Omaha on Friday, just hours after the USDA released a new crop forecast showing a 13% drop in corn production this year …
RFA Puts USDA Crop Report in Context
Renewable Fuels Association Vice President of Research and Analysis Geoff Cooper put together an analysis of today’s USDA crop supply report on the RFA E-xchange Blog to put the report into perspective from both a historical context as well as a global production context, answering calls from some international voices to end global biofuel production. “As expected, this morning’s supply-demand …
Setting the Record Straight On Drought & RFS
The National Corn Growers Association (NCGA) is setting the record straight on the truth behind what would happen if the Environmental Protection Agency (EPA) allowed a waiver of the Renewable Fuels Standard (RFS2). Garry Niemeyer, NCGA president sent a letter to every member of the House of Representatives along with EPA Administrator Lisa Jackson, that included corrects inaccuracies. “Unfortunately, the …