Recent federal action has received laudatory comment from Missouri corn producers.
It comes after corrective action was taken, promising demand for ethanol would increase in keeping with the renewable fuel standard. Demand for ethanol is currently mandated by the Energy Policy Act, which includes the renewable fuel standard program to reduce greenhouse gas emissions, and reduce reliance on foreign oil. The current federal administration has taken several actions rescinding and deregulating within the EPA, and also allowing waivers to small oil refineries that might face financial hardship due to forced production of renewable fuels such as ethanol.
A congressional study indicates the standard minimum for renewable fuels has not been met since 2014, falling well below the target. Total RFS began with 4 billion gallons in 2006, and will eventually be 36 billion gallons by 2022. Part of that is conventional ethanol, which is supposed to comprise 15 billion gallons. Several billion gallons were waived by the administration.
KMZU spoke with Samantha Davis, public policy director for Missouri Corn Growers Association She says the EPA should eventually recover back the number of gallons waived.
Davis indicated the laxity in adhering to RFS standards could not have come at a worse time for farmers. She cited recent flooding this year, which has immediately followed a drought year.
Along with the recent negotiations regarding the RFS standards, there is reason for farmers to be hopeful about the future. Davis was particularly hopeful regarding future corn markets in Mexico, Japan, and China.
Newsmaker segment from 10/10/19 featuring Samantha Davis, the public policy director for Missouri Corn Growers Association