Illinois Farm Bureau President Warns EPA Decision Will Mean Lower Corn PricesIllinois Farm Bureau President Philip Nelson says the U.S. EPA's decision to reduce the level of total renewable fuels for 2014 is both unwarranted and disappointing. He feels the decision has the potential to drive up gasoline prices for consumers, increase greenhouse gas emissions and drop corn prices below the cost of production.
Nelson says in the coming weeks the Illinois Farm Bureau will work with elected officials and other groups supportive of the Renewable Fuel Standard in hopes to convince the EPA and the Obama Administration to take a second look at the proposal.
Nelson feels the EPA's action is not about the inability of oil companies to blend anymore ethanol into unleaded gasoline. Instead, it appears to be a response to the industry's well financed public relations and lobbying efforts and reflects the administration's capitulation to the oil companies' unwillingness to blend any more lower cost ethanol.
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