Farm leaders held a press call on Thursday to discuss a white paper about the EPA’s proposed rule on the Renewable Fuels Standard and how it could affect farm income and rural economies across the nation.
National Farmers Union President Roger Johnson says a weaker RFS is definitely a concern for rural communities.
Because of the uncertainty surrounding the volume requirements of the RFS, Johnson says investment in the renewables industry has stalled.
National Corn Growers Association President Chip Bowling says the U.S. certainly has an adequate feedstock supply for a stronger RFS.
Bowling says the uncertainty is undermining what’s already been built.
According to the white paper, fading federal support for the RFS is a key reason why farm income could hit its lowest level in about a decade. The Department of Agriculture projects 2015 cash corn receipts will be off by more than $25 billion from the record year of 2012, including more than a $7 billion decline from last year.Share