John Block: Renewable Fuels

At this time when farmers are suffering with low prices for corn and soybeans, the EPA is making a move that could cut the biodiesel mandate by as much as 315 million gallons. This is not good news for the biodiesel or ethanol businesses. It’s not good news for corn and soybean farmers. We thought the Renewable Fuels Standard and biofuels mandates were all settled for next year, but I guess we were wrong. Bob Dinneen, President and CEO of the Renewable Fuels Association, said, “There is no rationale for further lowering either the 2018 advanced biofuel volume requirement or the total renewable fuel volume.”