RENEWABLE FUELS: Branstad Gathers Support
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.