(Posted Thu. Nov 12th, 2015)
National Corn Growers Association President Chip Bowling has urged President Obama to reverse the U.S. Environmental Protection Agency’s proposed cuts in the Renewable Fuel Standard’s volume obligation and adhere to the statute of the law itself.
In a letter sent Wednesday, Bowling noted that the most recent estimates from the U.S. Department of Agriculture has forecast a larger than expected crop at 13.65 billion bushels, and lower projected price for corn – nearly a dollar per-bushel lower than the cost of production.
“Contrary to the erroneous criticism spread by the oil industry, biofuels have not driven up the price of food or fuel,” Bowling wrote. “Your administration’s proposed blending targets will decrease the availability of renewable fuels, further exacerbating already low corn prices, and causing further, significant, harm to the agriculture sector.”
Rural America cannot afford this, Bowling told the president.
“We urge you to reverse the Environmental Protection Agency’s proposed reduction in the RVO and adhere to the statute. This action will provide a crucial demand signal to commodity markets, benefit rural economies, and solidify your commitment to a lower carbon future. The EPA’s recommendation is one we cannot afford in America’s heartland.”