The president of the Illinois Corn Growers Association led a town hall teleconference last night on the EPA’s proposal to reduce the Renewable Fuels Standard. Gary Hudson, a grower in east-central Illinois’ Douglas County, told farmers on the call that the Renewable Fuels Standard and corn ethanol are under attack, “Therefore your corn demand and farm profitability is at risk. The U.S. Environmental Protection Agency has proposed a rule that would reduce by 10% the amount of ethanol in the U.S. gasoline supply. That equates to 500-Million bushels of lost demand.”
Hudson told farmers it’s just not good in a year, “When we have such a large carryout and your corn price is already depressed, below the average cost of production, down over 40% over the past year. That’s just bad news.”
Hudson says the RFS has been a huge success for rural areas and should be maintained as is. Bob Dinneen with the Renewable Fuels Association answered farmers questions on the call.
Illinois farmers are urged to comment on the EPA’s RFS proposal. Prior to last night’s call, Hudson says, about 700 Illinois farmers had commented.