More than a decade ago, Congress created the Renewable Fuel Standard in an effort to reduce greenhouse gas emissions and expand the nation’s renewable fuels sector while reducing reliance on imported oil.
If recent reports about the Trump administration considering sending biofuel program reform efforts back to the legislative branch turn out to be true, don’t expect ethanol supporters to be too disappointed.
Rumors of potential action in the price of biofuel credits have Midwest politicians on edge, including a group of senators that have requested a meeting with President Donald Trump to discuss the issue.
After making some comments suggesting he wasn’t happy with Ag Secretary Sonny Perdue’s approach to biofuels policy, Iowa Sen. Chuck Grassley now says he was “perhaps a little bit too strong” in some of his criticism.
House Agriculture Chairman Mike Conaway looks to quell a Democratic revolt over his draft farm bill, just a week before his panel’s planned votes on it, while ethanol producers step up their efforts to head off a cap sought by refiners on the prices of biofuel credits.
The Trump administration this week finalizes hefty steel and aluminum tariffs that have farm groups bracing from retaliatory trade actions, and the president also is pushing forward to address complaints by refiners about the cost of complying with federal biofuel mandates.
The nation's corn farmers expect to hear from their Secretary of Agriculture about how the industry’s top cabinet member is advocating on their behalf – especially when it comes to support of the Renewable Fuel Standard (RFS)