On his first day in office, President Donald Trump took the unprecedented step of declaring an energy emergency, which included year-round sales of E15.
Geoff Cooper with the Renewable Fuels Association says it is a promising move.
“Just encouraged that they’re keeping a close eye on the situation,” Cooper said. “It was great to hear that the new Trump team will be prepared to issue emergency waivers come summertime, if they need to, to allow continued sales of E15. Obviously, that’s important to us because E15 is a growing market for ethanol, which means it’s helping to support demand for corn, but it’s also providing consumers a lower-cost option at the pump, which of course is good for everybody.”
Related Stories
Tight global supply is likely to keep fuel and fertilizer costs elevated.
Dr. Michael Langemeier with Purdue University provided perspective on the improving farmer sentiment and the trends shaping the agricultural economy moving forward.
Lower U.S. ethanol production and stocks may support ethanol prices while strong export demand continues to support ethanol and corn markets.
The White House’s plan calls for a nearly 20 percent reduction in the USDA’s budget, which would impact various food and agriculture aid programs.
More Farms File for Bankruptcy As Strong Farm Loan Demand Boosts Bank Earnings
Researchers with the University of Tennessee Institute of Agriculture are studying the clouded plant bug, which causes millions of dollars in damage to crops such as corn, soybeans, and cotton growing across the state.