Following today’s meeting with President Trump, Senators and Cabinet officials (reported yesterday), the President has sent a signal to the Environmental Protection Agency to allow the year-round sales of E15. The idea of a price cap on Renewable Identification numbers (RINs) was also vetoed.
Both of these decisions are good news for corn farmers and the ethanol industry.
THANK YOU to the farmers that called President Trump, Secretary Perdue, and your personal Congressional Representatives to make your opinions known on these issues. Your voices do make a difference!
However, one idea to alleviate oil industry concerns about the price of RINs would allow ethanol exports to count toward an oil company’s Renewable Fuel Standard obligation. This plan could dramatically reduce domestic ethanol demand – but that shouldn’t be your only concern.
Would your trade partners in the international market understand why the lowest-priced ethanol in the world requires an export subsidy? Doubtful. Would retaliatory trade barriers from countries importing U.S. ethanol be next, significantly impacting corn farmers? Definitely.
Today’s White House meeting is barely over, and certainly, more information will be forthcoming this week. Stay tuned.
You won't want to miss this important feature on what's coming in the future of the American ethanol industry.Learn More
The 2018 ICGA annual report highlights a myriad of positive action on behalf of corn farmers in Illinois. Check it out and let us know what else we should be working on!Learn More
A recent analysis by the U.S. Grains Council (USGC) shows non-beverage ethanol has been the fastest growing U.S. agricultural export over the past decade by a significant margin.Learn More