MISSOURI — Delayed planting is becoming more of a reality for some producers as flood waters continue to submerge their fields.
However, not only are the farmers feeling the strain of delayed planting, but the fuel markets, such as biodiesel, may soon feel the pressure too.
KMZU’s Dan Watson talked with Scott Fenwick, Technical Director with the National Biodiesel Board in Jefferson City, to find out how the recent flooding will impact future biodiesel production and the possible effect on the 2019 summer driving season.
Click below to listen to their conversation, which aired Thursday on KMZU.
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Fenwick explains that even with widespread flooding, the biodiesel industry should be feel little to no impact immediately.
“The impacts likely won’t be seen until sometime next year. We think that with the additional acres that will likely go to beans this planting season, it won’t have a significant impact on our price and on our volumes.”
Unlike ethanol which can be produced only from corn, biodiesel can be made from a variety of sources to help make up for potentially lost soybean yields.
“Biodiesel can be made from any fats and oils,” Fenwick explained, “soybean crops are certainly by far our biggest supplier of feed stock, but we use also excess canola oil, excess corn oil, beef tallow and poultry fats from the rendering industry.”
A third contributor to the biodiesel safety net is that the producers can still grow earlier maturing soybeans without significantly affecting the quality of biodiesel that is produced.
“We work with a lot of the seed companies,” Fenwick stated, “We have looked at high oleic soybeans. . . in terms of higher oil yields, we don;t think those will have an impact on the production and quality of biodiesel.”
To learn more about biodiesel, visit the National Biodiesel Board’s website.