EPA is waiting on approval from the White House regarding RVO proposals

As farmers work to make up any lost revenue, they are looking to the EPA and the President’s past support of biofuels.

The American Soybean Association says if a higher renewable volume obligation is not secured soon, there could be a surplus of soybeans in the coming years. Sales of U.S. beans to overseas buyers have fallen nearly 80 percent below the five-year average in recent weeks.

In a statement to Bloomberg, the EPA says they have already sent proposals to the White House and are just waiting for approval.

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