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Shining Light on Farm & Food Policy for 20 Years.
Saturday, September 28, 2024
Even though less than a quarter of U.S. ethanol plants are running at full capacity, biofuels advocates argue producers can meet this year's blending targets as another battle over the Renewable Fuel Standard heats up.
USDA is gearing up to start dispensing the first round of coronavirus relief payments to farmers, even as lawmakers struggle to agree on a Phase 4 stimulus bill that ag groups hope will provide additional funding for more aid.
A backed-up food supply chain and a bottlenecked legislative process await senators as they return to Washington next week, and the desires for the next round of coronavirus assistance are already piling up.
Some ethanol plants who just spent thousands of dollars altering equipment to make hand sanitizer are fuming after the Food and Drug Administration (FDA) reversed its guidance that relaxed alcohol regulations for hand sanitizer production.
Without government relief, some analysts are sharply lowering their estimates of net farm income because of the impact of the COVID-19 crisis on agricultural markets, with the livestock sector and corn growers bearing much of the hit.
Department of Agriculture officials dropped corn used to produce ethanol by 375 million bushels in this month’s World Agricultural Supply and Demand Estimates report released Thursday, while raising corn, soybean, and wheat ending stocks.
Over 100 biofuel plants across the country are fully idling or cutting production rates as gas prices fall because people are staying at due to the COVID-19 outbreak and major oil producers feud over output.
China has been making strides in living up to the promises it made in the “phase one” trade deal that went into effect February, but imports of U.S. ag commodities are still far below levels than many were hoping for.
POET, the largest U.S. biofuels company, is shutting down ethanol production at three facilities in Iowa and South Dakota and postponing the opening of another plant that was set to begin producing in Indiana, the company said Tuesday.