Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211


Agricultural News

Growth Energy Leadership to Governors: No Need for RFS Waiver

Tue, 28 Aug 2012 10:18:16 CDT

Growth Energy Leadership to Governors: No Need for RFS Waiver
Following the recent petitions to waive the Renewable Fuel Standard (RFS) by the Governors of Arkansas, North Carolina, Texas, Georgia and New Mexico, Co-Chairman of Growth Energy’s Board of Directors, General Wesley K. Clark (Ret.) and Growth Energy CEO, Tom Buis sent a letter to the governors explaining why a waiver is unnecessary.

The letter explains the flexibility of the RFS and how obligated parties can easily meet the volume requirements this year.

The letter also goes on to debunk the fallacy of the total corn crop that is actually used in ethanol production.
Commodity prices are increasing, no one is denying that, but the culprit is the drought and a lack of rain, not ethanol. The fundamental fact the governors’ waiver is based upon is patently false. Ethanol production does not use 40 percent of the corn, but only 16 percent of the total net corn acreage. In the production of ethanol, only the starch is removed, so the co-product is a high protein animal feed, known as distillers grains, which not only replaces corn for livestock feed, but also displaces soybean meal.

Additionally, the letter explains that waiving the RFS would not have any significant impact on corn prices and that market factors, speculation and Mother Nature are the true culprits of increased commodity prices.

Finally, the letter highlights that by granting a waiver, the Environmental Protection Agency would be putting a domestic grain embargo in place, limiting the family farmers’ ability to openly sell the short crop they have this year. Inviting government intrusion into the free market by picking winners and losers is not the way to set policy and doing so would depress investment and growth in the production of next generation biofuels.

To read the full letter, click here.



WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • CAB's Clint Walenciak Talks About How High-Quality Beef Shines in the Export Markets   Tue, 18 Jun 2019 18:21:35 CDT
  • OSU's Glenn Selk Talks About Scheduling "Preg" Check for Replacement Heifers Now  Tue, 18 Jun 2019 18:03:54 CDT
  • Steer and Heifer Calves Lightly Tested on Comparable Offerings for an Accurate Trend with a Much Lower Undertone Tuesday at OKC West Livestock Auction  Tue, 18 Jun 2019 17:43:46 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Tuesday, June 18, 2019  Tue, 18 Jun 2019 17:22:48 CDT
  • New CoBank Report Indicates US Poultry Sector Well Positioned to Withstand Profitability Pressure  Tue, 18 Jun 2019 14:15:44 CDT
  • Tuesday Market Wrap-Up with Justin Lewis   Tue, 18 Jun 2019 14:14:54 CDT
  • Tuesday Afternoon Market Wrap-Up with Carson Horn   Tue, 18 Jun 2019 14:13:47 CDT
  • Fourteen College Students Selected as Interns to Join Noble Researchers in Ardmore and Learn By Their Side  Tue, 18 Jun 2019 12:08:48 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.