President Trump’s plan to lift restrictions on E15 use during the summer driving season would draw down commodity surpluses and improve the bottom line for farmers.
A new radio ad from POET, the world’s largest biofuels producer, lets farmers know “POET shares President Trump’s commitment to farm families.”
“America’s farmers face a new ag crisis, with a worldwide record 20 billion bushels of stockpiled grain depressing prices and farm incomes,” says Kyle Gilley, POET executive vice president of Communications and External Affairs. “Year-round availability of E15 would put that surplus to work, raising corn demand by as much as 2 billion bushels and lowering fuel costs for consumers.”
The Reid Vapor Pressure (RVP) regulation has slowed E15 expansion by limiting the high-octane fuel’s use to flex fuel vehicles only from June to September each year. In April, President Trump said his administration would fix the problem. “We’re going to raise it up to 15% and raise it to a 12-month period,” he said.
POET annually purchases approximately 670 million bushels of grain – nearly 5% of the US corn crop – from 30,000 farmers across the Midwest.
