“The Perfect Storm” - that is what the President of the Advanced Biofuels Association is calling the choice between inflation and farmers when it comes to biofuel mandates.
In the coming weeks, the White House will have to decide whether to lower blending mandates for ethanol and renewable diesel. On the consumer side, the move could theoretically cut food and fuel costs. But for producers, it would reduce the demand for corn, soybeans, and other staple crops, ultimately impacting their livelihoods.
One analyst believes President Biden’s decision could also shake up mid-term elections in November.
Related:
“One Step Forward, Two Steps Back": EPA denies biofuel waiver requests for 36 small refiners
Biofuel Boost: Study shows biofuels has significantly increased farm income
Ethanol leaders say that increasing blends would immediately bring down prices
Biofuel Groups Want Relief at the Pump Through Higher Ethanol Blends
