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 …
USDA: Corn Down 13%, Soybeans Down 12%
The drought is certainly taking its toll on row crops, as the latest USDA crop report out this morning shows that the corn harvest this year will be down 13 percent from last year’s numbers, with soybeans expected to be 12 percent lower than 2011. Meanwhile, cotton will see a 13 percent increase while winter wheat should be up 1 …
Corn and Ethanol Groups Respond to RFS Waiver Request
Corn growers would rather see a waiver request than attempts to eliminate the Renewable Fuel Standard (RFS) but the ethanol industry thinks it will still be denied by EPA. In response to the request for a waiver announced this morning by livestock and poultry groups, National Corn Growers Association (NCGA) President Garry Niemeyer of Illinois called it “premature to ask …
Livestock and Poultry Groups Seek RFS Waiver
Livestock and poultry producers are filing a petition with the Environmental Protection Agency (EPA) seeking a waiver from the Renewable Fuel Standard (RFS) in light of the current drought situation likely to cause feed shortages. “We need a waiver now,” said Randy Spronk of Minnesota, National Pork Producers Council president-elect. “I and NCBA support American ethanol,” said National Cattlemen’s Beef …