Please add the Governors' Biofuels Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Biofuels Coalition
NEWS UPDATE October 28, 2021

Top Story

Biden unveils revised spending plan, exhorts Democrats to back it

By Tony Romm, Sean Sullivan and Tyler Pager, Washington Post  •    •  Posted October 28, 2021

President Biden on Thursday unveiled a new $1.75 trillion package to overhaul the country’s health-care, education, climate and tax laws, muscling through a slew of policy disagreements and internecine political feuds that had stalled his economic agenda for months. The announcement marked a critical moment in Biden’s tenure, prompting the president to pay a visit to Capitol Hill and call on Democrats to adopt the spending along with a second, roughly $1.2 trillion package to improve the country’s roads, bridges, pipes, ports and Internet connections. [ read more … ]

Reconciliation Bill

As Deal is Close, Stabenow Champions Climate-Smart Ag for Reconciliation Bill

By Chris Clayton, DTN Ag Policy Editor  •    •  Posted October 28, 2021

The agricultural funding included $28 billion proposed for conservation programs meant to encourage farmers to adopt climate-smart practices. Under the details, the bill would spend $5 billion for a cover crop program that would operate through the Farm Service Agency. Another $9 billion will boost spending for the Environmental Quality Incentives Program (EQIP) and $4 billion for the Conservation Stewardship Program. Another $7.5 billion will got to the Regional Conservation Partnership Program (RCPP); $1.5 billion for the Agricultural Conservation Easement Program (ACEP); $600 million for USDA to quantify greenhouse-gas reductions; and $50 million for USDA’s climate hubs. [ read more … ]

Dems jostle to make progress on climate ahead of Biden trip

By Nick Sobczyk, Geof Koss, George Cahlink, Emma Dumain, E&E News  •    •  Posted October 28, 2021

Congressional Democrats are looking to show legislative progress on curbing emissions as President Biden heads to Scotland for international climate talks with his agenda hanging by a thread. The president himself is expected to travel to Capitol Hill this morning to make a last-minute plea and then deliver remarks from the White House. Even as Democrats continue to negotiate key aspects of the budget reconciliation package — including the overall cost and how to pay for it — Speaker Nancy Pelosi (D-Calif.) announced yesterday she is planning to kick-start the process for bringing the measure to the floor, despite the fact that it’s still being written. [ read more … ]

Markets

Another big week for ethanol production

By John Perkins, Brownfields  •    •  Posted October 28, 2021

U.S. ethanol production continues to hang around historical highs due to improvements in margins and strong demand expectations. The U.S. Energy Information Administration says production last week averaged 1.106 million barrels a day, the second highest weekly average on record, and up 10,000 on the week and 165,000 on the year. The record of 1.108 million barrels a day was set in early December 2017.
[ read more … ]

EVs

Farmers say electric vehicles, biofuels should work together

By Natasha Keicher, The Daily Iowan  •    •  Posted October 28, 2021

Steve Swenka, a farmer and rancher of Double G Angus Farms in Tiffin, Iowa, said car manufacturers changing to electric vehicle production could be an economic concern for farmers, but it wouldn’t last long. “If nearly half of that [ethanol] crop is grown in Iowa the farmers are gonna have to find another way to market the crop,” Swenka said. [ read more … ]

Commentary

Column: Surge in U.S. ethanol production could use the exports to match

By Karen Braun, Reuters  •    •  Posted October 28, 2021

U.S. corn-based ethanol production over the last year or so has been more of a drag than a support on grain markets as demand and world economies continue to claw back from the coronavirus slump. Now, with global energy prices at seven-year highs and gasoline consumption improving, profit margins for U.S. ethanol producers have surged, lifting output near record highs. [ read more … ]

 

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