Lawmakers warned about biofuel industry’s fortunes

Source: By Marc Heller, E&E News • Posted: Wednesday, November 17, 2021

 The biofuel industry’s struggles from the pandemic and suspense over annual volume requirements from EPA may be scaring off bankers in farm country, an agricultural lender told lawmakers yesterday. “Whenever there’s uncertainty and unpredictability to the cash flows of these companies, it’s always a concern for lenders,” Randy Aberle, executive vice president for agribusiness and capital markets for AgCountry Farm Credit Services in Fargo, N.D., said at a House Agriculture subcommittee hearing. Aberle made that assessment at a hearing on the renewable agricultural economy, a catchphrase for biofuels and other crop-based products that support rural communities. Witnesses provided the Subcommittee on Commodity Exchanges, Energy and Credit with an array of rallying points for such products — and warnings about the impacts of unpredictable federal policies.