I haven’t mentioned that President Bush signed the Energy bill into law earlier this week since you’ve probably seen it all over the news. However, it has a big impact on agribusiness and ultimately marketing for companies like Pioneer Hi-Bred. You know it means a lot to groups like the National Corn Growers Association, among many others but I haven’t seen many company releases until now. It’ll be interesting to see what happens with all this push for renewable fuel. Some are already predicting that we’ll see more production and use than the legislation mandates.
Pioneer Hi-Bred International, Inc., Applauds New Energy Policy Act
New Incentives for Biofuel Seen as Positive Step in Renewable Energy Production; Signals Opportunity for U.S. Growers, Agribusiness
DES MOINES, Iowa – Pioneer Hi-Bred International, Inc., today is applauding the signing of the Energy Policy Act into law by President George W. Bush. A highlight of the act is the creation of a 7.5 billion gallon renewable fuel standard (RFS) that will expand the marketplace for corn and soybean growers by increasing use of renewable domestic fuels such as ethanol and biodiesel.
“Our nation’s crop producers are the most efficient growers in the world, and now they will have a further opportunity to put those high standards of efficiency to use in bolstering our country’s renewable fuel supply,” said Pat Hilliard, account manager – ethanol industry, Pioneer.
Pioneer currently offers 121 corn ethanol hybrids characterized as high- total-fermentable (HTF) in all maturity groups, said Hilliard. These hybrids are specifically selected for high-potential ethanol yield, he added.
For more information contact Jerry Harrington.