February 27, 2015 | Farm Futures
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Senators’ Bill Cuts Corn Ethanol from Renewable Fuel Standard

Senators cite rising food costs as reason to abandon corn ethanol mandate; suggest more focus on alternative biofuels

Senators' Bill Cuts Corn Ethanol from Renewable Fuel Standard

Two U.S. Senators are again working up a bill to eliminate corn ethanol mandates in the Renewable Fuel Standard.

Sens. Pat Toomey, R-Pa., and Dianne Feinstein, D-Calif., rolled out the bill, The Toomey-Feinstein Corn Ethanol Mandate Elimination Act of 2015. Sen. Jeff Flake, R-Ariz., is also a cosponsor of the measure.

The RFS requires annual increases in the amount of renewable fuel that must be blended into the total volume of gasoline in the U.S. The Senators say that the mandate for corn ethanol, however, drives up corn prices and the cost of both food products made from corn and meat products produced with corn. To read more click here.

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