RENEWABLE FUELS: Branstad Gathers Support

Posted on: 2:04 pm, December 20, 2013, by

gov branstad

Gov. Terry Branstad and five other Midwest governors sent a letter to President Obama Friday asking him to support the renewable fuel standard.

Recently the Environmental Protection Agency proposed a rule that would weaken the current RFS.

Branstad say the nation’s agriculture economy will take a big hit if the EPA reduces the amount of ethanol required to be blended into gas.

“If the EPA’s currently proposed rule becomes final, the negative impact would be disproportionately felt by rural America. According to an Iowa State University estimate, corn prices alone could drop nineteen cents per bushel based on the proposed rule, which could bring corn prices below the cost of production for many farmers. The proposed EPA rule could also cause a ripple effect on agri-business, our communities, and the entire economy,” says Branstad.

Besides Branstad, the governors of Kansas, North Dakota, South Dakota, Minnesota and Nebraska all signed onto the effort.

 

2 comments

  • bart says:

    Is T Braindead and Monte Shaw now in competition with BHO re lie of the year?

    According to Monte Shaw, just a year ago, was boasting the entire corn-ethanol mandate only contributes to .03 to .05 cents per bushel therefore has minute affect and is no concern to consumers.
    Now T Braidead is saying .19 cents per bushel re the mere 8% proposed reduction in the mandate.

    Monte Shaw should consider going into used car or real estate sales.
    T Braindead should retire before Parkinson’s takes a heavier toll.

    Furthermore:
    With 40 percent of the gross U.S. corn harvest turned into fuel, the rest of the world has tried to make up for the lost food supply. While ethanol use has helped cut carbon emissions in the U.S., increased farming in the rest of the world releases large amounts of carbon as dense forest is cleared to create more farmland. When ethanol plants ramped up across the U.S. in 2006, corn prices rose 88 percent over five months. In January 2007, tortilla prices doubled in Mexico, sparking riots. “It was sudden and unplanned,” says Harry de Gorter, an agriculture and trade policy economist at Cornell University. “It’s a huge cost to society to draw resources into ethanol and away from the food supply.”

  • William Denison says:

    Greed makes men care nothing for the starving.

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