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

advertisements
   
   
   
   
   
   
   
   
   
   

Agricultural News


US Grains Council Worries About Tying RINs and Exports of Ethanol

Wed, 09 May 2018 03:39:32 CDT

US Grains Council Worries About Tying RINs and Exports of Ethanol After the reported meeting on Tuesday at the White House where President Donald Trump met with Senators from both sides of the ethanol issue- the US Grains Council issued the following statement:

"President Donald Trump, today, reaffirmed he will approve year-round sales of 15-percent ethanol fuels without a Renewable Identification Number (RIN) cap. However, he has asked Environmental Protection Agency Administrator Scott Pruitt and Secretary of Agriculture Sonny Perdue to work out the details on an additional item: Reallocating RINs from exempted small refinery gallons to ethanol exports.

“We appreciate the Trump Administration’s strong support of the Renewable Fuel Standard, but the U.S. Grains Council (USGC) is concerned any move that would relate RINs to exporting ethanol could be severely detrimental to the competitiveness of ethanol exports and would harm the U.S. grains industry,” said Tom Sleight, USGC president and CEO. “We believe RINs for exported ethanol could be perceived as an export subsidy, against our World Trade Organization obligations. They could put a target on our back globally.”

"U.S. ethanol producers are some of the most cost-competitive industries in the world, and as such, believe in free and fair trade within the global marketplace. Last year, ethanol exports reached a record high of 1.37 billion gallons.

“We are already seeing the impact of trade policy barriers on ethanol exports and we would like to have the U.S. Trade Representative (USTR) look at the implications of export credits for RINs,” Sleight said.



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Jim Robb of the Livestock Marketing Information Center Breaks Down Latest Beef Trade Numbers  Mon, 17 Dec 2018 13:13:24 CST
  • Friday Market Wrap-Up with Justin Lewis  Fri, 14 Dec 2018 14:56:56 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, December 14, 2018  Fri, 14 Dec 2018 14:50:13 CST
  • Ellen Coblentz of Chouteau, Okla. Recognized as a Significant Woman in Agriculture by ODAFF  Fri, 14 Dec 2018 14:39:05 CST
  • Friday Afternoon Market Wrap-Up with Carson Horn  Fri, 14 Dec 2018 14:00:07 CST
  • Farm Bureau Contends New USDA Broadband Program Will Boost Local Economies in Rural America  Fri, 14 Dec 2018 13:54:46 CST
  • CattleFax's Upcoming Webinar to Outline Beef Industry Analytics Firm's Market Expectations for 2019  Fri, 14 Dec 2018 12:25:15 CST
  • Noble's Dr. Myriah Johnson Defines What Antimicrobial Stewardship Means for Cow-Calf Producers  Fri, 14 Dec 2018 12:20:50 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.