(The Journal, Jan 10) - Minnesota Corn Growers Association (MSGA) officials and other corn ethanol and biofuel advocates urged public comment on the Environmental Protection Agency (EPA) proposal to reduce corn ethanol under the Renewable Fuel Standard (RFS) Thursday at the Minnesota Ag EXPO at the Verizon Wireless Center.
The EPA proposed a 1.4 billion gallon reduction in how much corn ethanol will be required under the RFS, the federal law that helps get domestic, renewable, cleaner-burning corn ethanol blended into the nation's fuel supply. The reduction would impact already low corn prices and negatively affect 2014 planting decisions, according to the National Corn Growers Association (NCGA).
The NGGA maintained that according to Louisiana State University research, cutting ethanol use by 1.4 billion gallons would increase gasoline prices by 5.7 cents a gallon and lead to a $10.3 billion windfall for big oil companies.
Read the rest of the story here: Corn Growers Urge EPA Comments To Keep Ethanol Quotas