The biofuel sector is celebrating a big milestone today with the 20th anniversary of the Renewable Fuel Standard. Over the past two decades, it has created a high-demand market for farmers while boosting American-made renewable fuels.
Geoff Cooper with the Renewable Fuels Association joined RFD-TV’s Suzanne Alexander to discuss an overview of the RFS, the main benefits we have seen from this policy, and its impact it has had on our farmers and rural communities.
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Current estimates are already hovering around 80 weeks.
Corn demand received another boost last week as ethanol production climbed to a five-week high.
Senate Majority Leader John Thune says senators are trying to align the E15 effort with broader Farm Bill negotiations as producers continue grappling with weak farm income and elevated costs.
USDA says federal biofuel policy and growing renewable diesel capacity are increasing demand for feedstocks.
USDA says growing soybean output and expanding biofuel demand are helping drive the increase.
