The Department of Energy has scrapped a nearly $5 billion loan program for the Grain Belt Express, a nearly 600-mile-long electric line for wind & solar projects out of the Midwest.
The Department says it was a project “rushed out the door” in the final days of the Biden Administration. It also says the conditions necessary to issue the $4.9 billion loan are unlikely to be met, and it is not critical for the federal government to play a role in the project.
The Grain Belt Express was intended to connect wind and solar facilities across Kansas and Missouri. Senator Josh Hawley previously said the 600-mile project would put farmers in danger of losing land.
Related Stories
Dr. Joana Colussi says differences in input costs, trade conditions, and second-crop risks continue shaping profitability in both countries.
The Perrier family says maintaining herd quality has helped keep the operation strong.
Trade officials discussed export growth, biofuel opportunities and market access during the National Restaurant Association Show.
Current estimates are already hovering around 80 weeks.
Corn demand received another boost last week as ethanol production climbed to a five-week high.
StoneX analyst Josh Linville says global supply risks and continued dependence on imported urea are keeping fertilizer markets on edge.
