from the National Farmers Union
WASHINGTON – National Farmers Union (NFU) President Roger Johnson called the U.S. Environmental Protection Agency’s (EPA) announcement today that the 2014 Renewable Fuel Standard (RFS) volume targets would not be released before the end of the year a ‘serious disappointment.’ Johnson also noted that NFU remains hopeful the delay will allow the agency to return the RFS target levels back to the statutory targets.
“Ethanol and all biofuels have been the best thing to happen to farm country in generations, and the volume standards that are supposed to be set by EPA are a significant help in establishing the market for biofuels,” said Johnson. “Rural America and the biofuels industries rely heavily on these targets for planning and investment purposes. Any hint that the administration might not be fully behind renewable fuels is a major step back for working farmers and the biofuels industries.”
The RFS is our nation’s main policy driver for renewable fuels, and since its creation by Congress has created $184.5 billion in economic impact while supporting 852,056 jobs nationwide. Johnson noted that the biofuels industries – and the farmers who grow the grains they use – are poised for continued growth here in the U.S., but need a clear signal that the targets will remain firm. Johnson hopes that the delay will give EPA the time it needs to get the numbers right.