Biodiesel
The RFS Set 2 rule is projected to increase net farm income by $4 billion and create a $31 billion market for corn and soybean oil while supporting 100,000 new rural jobs.
Preceding President Donald Trump’s visit to a Clive, Iowa, farm, several groups sent a letter asking him to support biofuels policy that would provide certainty for corn and soybean farmers.
If EPA allows these waivers and the backlog of SREs from 2023 to 2025, without increasing the volumes in 2026 and 2027, it will mean lower biofuels production.
Steve Censky, CEO of the American Soybean Association says, “China imports more soybeans than the rest of the world combined and so you can’t make up the loss of the China market by gaining a little bit here or there.”
The agency is acting on a backlog of more than 175-petitions from 38-small refineries dating all the way back to 2016.
If tariffs prove inefficient, a positive EPA result — or even an executive order — will do.
The tax credit unlocks new value in your grain. But the ticket to entry is getting on-farm data ready to share
Brazil’s National Energy Policy Council (CNPE) approved increasing the percentage of ethanol mixed in gasoline.