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RFA says RFS waiver is not the answer
Worries of a tight corn supply from the continued drought conditions have corn prices on the rise. As the prices continue to increase – there has been a strong push to implement a waiver or even fully repeal the Renewable Fuels Standard.
Speaking to Indiana corn farmers last week, Robert White, director of market development for the Renewable Fuels Association says because the RFS is a well-crafted law – a waiver isn’t needed. “It has opportunities and release mechanisms to make adjustments if the need is there,” he says. “We’ve heard from Secretary Vilsack and Administrator Jackson at the EPA that to date, we have not seen that logic and the need for any adjustments.”
A recent study from the Center for Agriculture and Rural Development (CARD) at Iowa State University said added flexibility in the RFS would not result in a drastic lowering of corn prices. “Corn prices would be adjusted 28 cents lower,” he says. “That is not enough”. White says, “When you repeal the RFS – there is also an impact on gasoline prices when you have to replace that product and ethanol is 10 percent of the fuel supply.”
According to the CARD study – White says – if a waiver was implemented – gas prices could then go up $1.09 nationwide.
AUDIO: Robert White – RFA (3:00mp3)
2012-07-30 09:52:19
Source: http://brownfieldagnews.com/2012/07/30/rfa-says-rfs-waiver-is-not-the-answer/
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