May 24, 2022
BY National Corn Growers Association
A strong 2022 volume requirement under the Renewable Fuel Standard is important as American leaders seek to lower gas prices, reduce greenhouse gas emissions and deal with inflation, said National Corn Growers Association President Chris Edgington to federal agency staff during a Monday meeting on the final RFS volume rule currently under review.
Corn growers support the proposed 2022 RFS numbers, Edgington told the Office of Management and Budget and U.S. Environmental Protection Agency staff. But he reiterated NCGA’s concerns with EPA’s proposal of retroactive 2021 volumes below actual use and the proposed reopening and revising already final 2020 standards.
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“It’s important to share our perspective on corn supply and corn growers’ increasing productivity and sustainability, which allow us to meet demand for food, feed, fuel and exports with bushels to spare,” said Edgington. “Americans are feeling the effects of inflation, and they see the connection between high oil prices and higher food costs. Blending more ethanol, which costs less and increases the fuel supply by billions of gallons, helps in remedying this situation.”
Edgington referenced a recent survey conducted by Morning Consult that showed that 92 percent of adults are concerned about inflation, 69 percent are very concerned about the cost of gas, and 65 percent said they were very concerned about the cost of groceries. The survey also showed that consumers correctly hold higher oil prices and inflation responsible for higher food prices, not biofuels, illustrating the importance of bringing down fuel costs, Edgington noted.
Ethanol has been priced an average of 80 cents less per gallon than unblended gasoline at wholesale through the spring. Today’s technology has enabled farmers to increase yields on each acre to produce more corn for food, feed and fuel needs using less land and fewer resources, Edgington told OMB.
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EPA is under a June 3 deadline to issue final RFS volume requirements for 2022 and delayed volumes for 2021.
The U.S. EPA on July 8 hosted virtual public hearing to gather input on the agency’s recently released proposed rule to set 2026 and 2027 RFS RVOs. Members of the biofuel industry were among those to offer testimony during the event.
The U.S. exported 31,160.5 metric tons of biodiesel and biodiesel blends of B30 and greater in May, according to data released by the USDA Foreign Agricultural Service on July 3. Biodiesel imports were 2,226.2 metric tons for the month.
The USDA’s Risk Management Agency is implementing multiple changes to the Camelina pilot insurance program for the 2026 and succeeding crop years. The changes will expand coverage options and provide greater flexibility for producers.
EcoCeres Inc. has signed a multi-year agreement to supply British Airways with sustainable aviation fuel (SAF). The fuel will be produced from 100% waste-based biomass feedstock, such as used cooking oil (UCO).
President Trump on July 4 signed the “One Big Beautiful Bill Act.” The legislation extends and updates the 45Z credit and revives a tax credit benefiting small biodiesel producers but repeals several other bioenergy-related tax incentives.