A new analysis from the National Corn Growers Association (NCGA) is projecting a $50 per acre revenue decline for the 2019 corn crop as a result of the COVID-19 pandemic. The analysis showed cash corn prices since March 1 have declined by 16 percent on average, with several regions experiencing declines of more than 20 percent. NCGA commissioned the economic …
Ethanol Industry Losses Mount
As the COVID-19 pandemic and crude oil glut continue to ravage world fuel markets, U.S. ethanol sales in 2020 could fall by more than $10 billion and the industry’s contribution to gross domestic product (GDP) could drop by nearly one-third, according to a new analysis by the Renewable Fuels Association (RFA). The economic losses stem from a “pernicious combination of …
Lower Ethanol Demand Could Impact Planting Decisions
USDA’s 2020 Prospective Plantings report released Tuesday estimates planted acres for corn this year at 97.0 million acres, up 8 percent or 7.29 million acres from last year. But when farmers were surveyed a month ago, coronavirus had yet to have the impact it is now having on ethanol demand and prices thanks to a drastic cut in demand for …
Energy Ag News 3-26-20
The Nebraska Ethanol Board (NEB) and Renewable Fuels Nebraska (RFN) have rescheduled the Ethanol: Emerging Issues Forum 2020 for July 15-16. The Forum will be held at the La Vista Conference Center in Greater Omaha if the threat of COVID-19 has subsided. The Renewable Fuels Association is pleased to welcome two new associate members, Barchart and Bion. Based in Chicago, …
Administration Will Not Appeal Tenth Circuit SRE Ruling
Biofuels stakeholders are celebrating some good news today with word that the Trump administration had made the decision not to request a rehearing of the recent unanimous ruling by the U.S. Court of Appeals for the Tenth Circuit that the EPA had “vastly exceeded its authority in granting exemptions from 2016 and 2017 RFS requirements to three refineries.” The challenge …
Ethanol Plants Producing Hand Sanitizer
Ethanol plants are now able to shift to the manufacture of hand sanitizer without permits from the Alcohol and Tobacco Tax and Trade Bureau (TTB). The Iowa Renewable Fuels Association is working with Iowa Prison Industries for the production of hand sanitizer during the national shortage. Two Iowa biofuel refineries – Absolute Energy and Western Iowa Energy – sent the …
Coronavirus is Latest Threat to Ethanol Industry
The impact that coronavirus is having on the energy markets is just the latest threat to the solvency of the U.S. ethanol industry, coming on top of weather, trade disputes and small refinery waivers that hurt producers last year. In a media conference call Thursday, Renewable Fuels Association leaders discussed the impact of these hits on ethanol producers and the …
Rural Leaders Urge Trump to Support Farmers
Farmer leaders and biofuel producers from the Midwest today expressed their concerns about news that the Trump administration has reversed course and decided to side with oil companies in their court battle against biofuels. The debate centers around a unanimous court decision that would halt the Environmental Protection Agency’s (EPA) abuse of Small Refinery Exemptions (SREs) under the Renewable Fuel …
Ethanol Case Groups Disappointed in Appeal Extension
The four organizations involved in the case against the Environmental Protection Agency over granting of small refinery exemptions under the Renewable Fuel Standard (RFS) are disappointed the Trump Administration has been granted more time to consider an appeal of the court decision siding with the plaintiffs. The petitioners in the case—the Renewable Fuels Association, National Corn Growers Association, American Coalition …
Biofuels Interests Urge President to Protect RFS
Biofuel and agricultural organizations are up in arms over news reports out late Thursday saying President Trump is now planning to appeal the 10th Circuit Court decision regarding EPA’s granting of Small Refinery Exemptions (SREs). Oil state interests, led by Sen. Ted Cruz (R-TX), have been pressuring the White House to fight the unanimous court ruling that threatens to completely …