The National Chicken Council (NCC), in comments submitted to the EPA, cites a study suggesting that a full waiver of the Renewable Fuels Standard (RFS) would reduce the price of corn by more than two dollars per bushel.
That figure comes from an August 2012 report prepared for the Farm Foundation by three Purdue University economists. Calculations from their model found that reducing the amount of ethanol blended into gasoline in 2013 would reduce corn prices nearly 25 percent.
The NCC says a two dollar per bushel decrease would result in annual savings of two-point-five billion dollars to the chicken industry.
The chicken group says with a short corn crop and tightening corn supplies, “it is irresponsible to divert more than 40 percent of it to use as a second-rate motor fuel.”© Copyright 2012 Brownfield, All rights Reserved. Written For: Brownfield