The Renewable Fuel Standard is at Risk Your Response Matters
The White House has plans to host a meeting next week in consideration of efforts spearheaded by oil refiners to disrupt the effectiveness of the Renewable Fuel Standard. This influential push by non-agricultural interests has received the President’s attention. If the effort is effective, it could seriously disrupt the ethanol marketplace and jeopardize the bottom line of America’s farmers as well as America’s progress toward increased energy independence.
The debate over RFS could include a deal with with oil refiners that would significantly harm the RFS by capping the price of Renewable Identification Numbers (RINs). As producers are well aware, RINs are the market mechanism that drives biofuels blending. A cap on RIN values or RIN waiver credits would disrupt this market mechanism and take away the incentive to blend biofuels.
A proposal of this type would take away 700 million gallons of ethanol demand and cost farmers as much as 25 cents/bushel at a time when farm income is already at its lowest level since 2006.
Here’s How You Can Help
Rural America’s message needs to be heard, and we need to ensure the President understands the significant impact any action to dismantle the RFS could have.
Call, Email or Tweet via this link or the NCGA Action App
Who is Colorado Corn?
Colorado Corn, based in Greeley, is made up of the Colorado Corn Administrative Committee and the Colorado Corn Growers Association.
The Colorado Corn Administrative Committee oversees how Colorado’s corn check-off dollars (one penny per bushel of corn produced in Colorado) are spent on research, market development, outreach, education and other various endeavors.
The Colorado Corn Growers Association is comprised of dues-paying members who are politically active, focusing on policy that impacts corn producers and agriculture in general.
See more about the work of the two organizations at www.coloradocorn.com.