Agricultural law expert Janie Hipp promised on Thursday to be "a big voice at the interdepartmental table" in dealing with cattle prices and biofuels if she is confirmed by the Senate to lead the USDA's legal shop. "I commit to you that I will get on this [cattle price transparency] as one of my very, very top priorities."
The federal appeals court that greatly restricted access to "hardship" exemptions from the U.S. ethanol mandate in 2020 granted an EPA request on Wednesday to cancel three exemptions issued on President Trump's final day in office.
The U.S. economy could grow at its fastest rate — 7 percent — in nearly four decades, with the farm sector sharing in the energetic recovery from the pandemic, said CoBank on Thursday. "Many in the agricultural industry are experiencing the best market conditions since 2013," said the lender in a quarterly assessment of the sector.
President Biden unveiled a $2 trillion infrastructure package — "a once-in-a-generation investment in America" — on Wednesday that calls for spending $100 billion to deliver affordable and reliable broadband service to all Americans. The package also proposed a $5 billion Rural Partnership Program to support locally led initiatives to create jobs and economic growth in rural America.
U.S. ethanol production plunged 13 percent last year due to the pandemic, costing the industry around $4 billion in sales. But it may recover fully by 2023, on the strength of larger exports and rising domestic use of higher blends of ethanol into gasoline, said the Food and Agricultural Policy Research Institute.
The average gallon of gasoline sold during 2020 was 10.23 percent ethanol, the highest blend rate ever, said the Renewable Fuels Association. At the same time, 12.63 billion gallons of the biofuel were mixed into gasoline, the smallest amount in 11 years, declining in tandem with the reduction in travel and fuel sales that accompanied the pandemic, said the trade group.
In a reversal from the Trump era, the EPA said on Monday that it supports an appellate court ruling that greatly reduces the availability to small refineries of exemptions from the Renewable Fuel Standard. The agency is not acting on requests for RFS waivers while the appellate ruling is under …
Battered by the pandemic, the ethanol industry labeled itself on Tuesday as the climate-friendly automobile fuel of the future. Officials said it could be a year or more before straggling biofuel sales recover fully from the coronavirus. "Mark my words, zero-carbon (emissions) corn ethanol is coming," said Geoff Cooper, chief executive of the Renewable Fuels Association.
Private exporters reported the largest sale of U.S.-grown corn to Chinese buyers in nearly six months, with 1.36 million tonnes for delivery this marketing year, said the USDA on Tuesday. It was only the fifth time since 1994 that corn sales to China exceeded 1 million tonnes in a single day.