Agricultural News
USDA Chief Economist Acknowledges Winners and Losers in RFS Debate
Thu, 27 Jun 2013 06:13:17 CDT
The Renewable Fuel Standard which has mandated the use of ethanol to blend with gasoline is popular in major corn growing areas, but much less so in livestock production circles. Now, a USDA official had given credence to the livestock industry crying foul over the unlevel playing field they contend faces anyone buying livestock feed in this country.
USDA Chief Economist Dr. Joe Glauber told a Congressional panel on Wednesday that the RFS does pick winners and losers. Grain farmers win with higher grain prices because of the RFS, but those higher grain prices make it tougher for livestock producers to stay profitable.
Click on the LISTEN BAR below to hear Dr. Glauber's comments about the economic impact of the RFS.
Joe Glauber explains who wins and who loses because of the Renewable Fuel Standard
right-click to download mp3
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