Former Secretary Vilsack says Administration can help biofuels industry
April 30, 2020 By Larry Lee Filed Under: 2020 Events, Ag economy, Biofuels, Crops, Michigan, News, USDA
A Former Secretary of Agriculture says the Trump
Administration should offer the biofuels industry assistance just as it has for
the oil industry.
Tom Vilsack told reporters during a Focus on Rural America
conference call the biofuels industry hasn’t been invited to the White House to
discuss losses caused by the coronavirus outbreak like the airline and oil
companies. The former Secretary says the USDA can be more creative, such
as using the Commodity Credit Corporation like he did for cotton during the
Obama Administration. Vilsack says doing this
would send a strong signal to farmers that the Renewable Fuels Standard is
still a “valued and needed and necessary and essential to the future of
agriculture and rural economies.”
The Trump administration reportedly has discussed lending
money to oil producers in exchange for partial ownership stakes and required
output reductions after passing on buying more oil for the Strategic Petroleum
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