Add Georgia Gov. Nathan Deal to those calling on the EPA to waive the Renewable Fuels Standard (RFS). In a letter to the EPA (available from the National Chicken Council website), Deal joins Arkansas Gov. Mike Beebe and North Carolina Gov. Beverly Perdue asking for the waiver because of the impact the drought is having on corn. The EPA has …
FAPRI Looks at Farm Bills’ Differences, Impacts
A new analysis of the two Farm Bills out there … the Agriculture Reform, Food and Jobs Act of 2012 that passed the full Senate in June and the House’s Federal Agriculture Reform and Risk Management Act of 2012, which made it out of the House Ag Committee last month … shows some similar impacts of the two bills, especially …
The Drought
Wells are running dry, cattle are being sold and crops are withering away. There is no question that farmers and ranchers across the Midwest are experiencing one of the worst droughts in history. Maybe it hasn’t directly affected you yet, but don’t worry it will. Producers and consumers alike will see the impact from our lack of rain. But lets …
RFS Waiver Might Lower Corn Prices… Eventually
A new report from researchers at Purdue University shows that a waiver of the Renewable Fuels Standard (RFS) could lower corn prices… but it could be a while until livestock producers and consumers at the grocery stores see those prices go down. Purdue’s Wally Tyner, Farzad Taheripour and Christopher Hurt presented their report, entitled Potential Impacts of a Partial Waiver …
Corn Growers Call for Careful Analysis Over RFS
At least two governors, 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. The National Corn Growers Association… which has alliances with the livestock producers who want to see lower feed prices …
Farm Foundation Webinar on RFS Waiver Impact
There’s been a lot of talk about waiving the Renewable Fuels Standard for ethanol, especially since the USDA’s latest estimate shows the drought knocking down the projected corn crop 13 percent. 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 …
Administration Supports Ethanol
Agriculture Secretary Tom Vilsack demonstrated the Obama administration’s strong commitment to ethanol and the Renewable Fuel Standard (RFS) by spending over an hour at the American Coalition for Ethanol (ACE) conference on Friday morning. “This is an industry that is worth supporting,” he told the crowd of about 250 ethanol industry leaders. “Which is why the president is supporting the …
NCGA CEO Addresses Ethanol Producers
National Corn Growers Association (NCGA) CEO Rick Tolman shared the farmer’s perspective to the American Coalition for Ethanol’s conference while addressing the group on the 2012 corn crop, the drought and NCGA’s support for ethanol and all markets for U.S. corn. “It could all change tomorrow,” was the theme of Tolman’s talk, just hours after the USDA released a new …
How Biofuel Production Helps Livestock Producers
The Midwest has finally been getting rain, but not in time to reverse the state of the corn crop due to the nationwide drought. Yet, biofuel producers are still helping livestock producers says Monte Shaw, Executive Director of the Iowa Renewable Fuels Association (IRFA). Because of ethanol production, there is a larger corn crop and more flexible supply than ever …
AFBF Reacts to Corn & Soybean Outlook
American Farm Bureau Federation (AFBF) economists says today’s USDA crop forecast is a “harbinger of volatility in global grain markets.” “There is an old saying in commodity markets that small crops tend to get smaller,” said AFBF economist Todd Davis. “If this holds true, then future reports will show declining projected production for corn and soybeans and further reductions in …