National Hog Farmer is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Legislation introduced to end corn-based ethanol requirement

Sens. Diane Feinstein (D-CA) and Pat Toomey (R-PA) have introduced the “Corn Ethanol Mandate Elimination Act of 2015” which would repeal the renewable fuels standard corn ethanol mandate.

According to Toomey, “The RFS requires fuel suppliers to blend millions of gallons of biofuels – most often corn ethanol – into the nation’s gasoline supplies. It drives up gas prices, increases food costs, damages car engines and is harmful to the environment.”

The Renewable Fuels Association said, the senators “continue to operate under the misguided assumption that the RFS is driving food prices higher. It is not. Corn is less expensive today than when the RFS was passed. As the World Bank recently concluded, most of the contribution to food price changes from 1997-04 and 2005-12 comes from the price of oil.” Similar legislation was introduced last year. 

TAGS: Marketing
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish