is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist
Corn+Soybean Digest

Renewable Fuels Standard Saves Billions

A National Corn Growers Association (NCGA) study examined the implications of enacting the renewable fuels standard (RFS) currently in congressional conference committee. The standard would increase ethanol use from nearly 2 billion gallons in 2002 to 5 billion gallons in 2012.

“An RFS would considerably raise farm income as well as boost economies in rural America,” says Tim Hume, NCGA president. “In turn, the U.S. government could reduce spending on agriculture programs and save taxpayers nearly 6% in monetary assistance for direct government payments to farmers.”

According to the study, increased demand for renewable fuels will result in total savings of $5.9 billion from lower direct government payments to farmers between 2003 and 2012. Further, a boost in demand for renewable fuels would increase net farm cash income by nearly $51 billion by 2012 over baseline levels.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish