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Governors' Biofuels Coalition
NEWS UPDATE February 21, 2020

Top Story

Potential Market Developments Announced on Biofuels

By Todd Neeley, DTN Staff Reporter  •    •  Posted February 20, 2020

With continued doubts and speculation about the future of the Renewable Fuel Standard, there were a couple of interesting market developments for ethanol and biodiesel on Thursday.
For starters, during the USDA Outlook conference in Washington, D.C., U.S. Secretary of Agriculture Sonny Perdue announced as part of the agriculture innovation agenda a goal for biofuels to account for 30% of all transportation fuels by 2050. Currently, biofuels’ slice of the transportation fuel supply is around 10%. [ read more … ]

Climate

Farm groups launch CO2 coalition — without saying ‘climate’

By Marc Heller, E&E News reporter  •    •  Posted February 20, 2020

Farm groups are trying to put a positive face on agriculture’s relationship with climate change policy. Twenty-one organizations said today they’ve launched a new coalition to promote conservation and reduction of greenhouse gas emissions. Led by the American Farm Bureau Federation, coalition representatives said they also hope to combat what they consider misperceptions or misinformation about agriculture’s role in climate change. [ read more … ]

Trump’s agriculture department announces 30% biofuel goal for 2050

By P.J. Huffstutter, Reuters  •    •  Posted February 20, 2020

The U.S. Department of Agriculture on Thursday announced a goal for biofuels to make up 30% of U.S. transportation fuels by 2050, a move that could bolster an industry that has been otherwise battered by the Trump administration. Refineries are currently required to blend 20.09 billion gallons of biofuel in 2020, about 10% of projected crude oil production, according to the U.S. Energy Information Administration. [ read more … ]

Trump Agriculture Department and farming groups tiptoe into climate discussion

By Abby Smith, Washington Examiner  •    •  Posted February 20, 2020

The Department of Agriculture is looking to halve the U.S. farming industry’s environmental footprint by mid-century in a target that includes several climate and clean energy goals. Agriculture Secretary Sonny Perdue will announce the target, which also includes boosting agricultural production by 40% in that timeframe, at the agency’s annual agricultural outlook forum Thursday. The production and environmental goals are a critical piece of the administration’s new Agriculture Innovation Agenda, which Perdue says will “better align” public and private research into new farming practices. [ read more … ]

Pitching Farm Sustainability

By  Chris Clayton , DTN Ag Policy Editor  •    •  Posted February 20, 2020

Leaders and lobbyists from several agricultural groups gathered Wednesday on Capitol Hill to announce they were launching Farmers for a Sustainable Future to play a policy role in dealing with climate change. They are also making the case that agriculture has already done a lot in the sustainability area, but has not effectively told the story. Zippy Duvall, president of the American Farm Bureau Federation, said agriculture has to address “sustainability and what that word actually means in the context of climate discussion.” Duvall noted discussion on climate change is ramping up, “and the House and Senate Agriculture Committees can play a real important role in the days to come.” [ read more … ]

Policy & Politics

Big Oil Explores Adding More Cheap Ethanol to Gasoline in Iowa

By Michael Hirtzer, Bloomberg  •    •  Posted February 20, 2020

Adding more ethanol to gasoline may help Midwest farmers who have been struggling to find markets for corn after biofuels demand plateaued last year. Ethanol futures slumped to the lowest in more than a decade in 2019, making it unprofitable to make the biofuel that accounts for about a third of demand for the U.S. corn crop. But cheap ethanol won’t save drivers much money: At current prices, filling up a Ford-F150 would only cost about a quarter less. [ read more … ]

US state of Minnesota gets $2.3 billion boost from ethanol in 2018

By Biofuels International  •    •  Posted February 20, 2020

Minnesota’s ethanol industry contributed $2.31 billion (€2.14 billion) to the US state’s gross domestic product (GDP) in 2018, a new study from ABF Economics has found. Throughout 2018, Minnesota’s ethanol producers yielded 1.27 billion gallons of ethanol, 3.8 million tons of dried distiller’s grains with solubles and 283 million pounds of corn oil, which is used in the production of biodiesel. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.