U.S. Senators Pat Toomey (R-PA) and Dianne Feinstein (D-CA) today introduced legislation that would abolish the corn ethanol mandate in the Renewable Fuel Standard (RFS), with Sen. Jeff Flake (R-AZ) as a co-sponsor. The move was immediately criticized by both ethanol and agricultural organizations.
“Senators Feinstein and Toomey continue to operate under the misguided assumption that the RFS is driving food prices higher” said Renewable Fuels Association (RFA) president Bob Dinneen. “It is not. Corn is less expensive today than when the RFS was passed! As the World Bank recently concluded, ‘most of the contribution to food price changes from 1997-2004 and 2005-2012 comes from the price of oil.’”
“Just like their previous failed attempt, this legislation is incredibly shortsighted,” said Growth Energy CEO Tom Buis. “Nearly identical legislation has been introduced in the past and has always failed to gain any traction since a majority of senators understand the importance of homegrown, American renewable fuels. This bill would eviscerate the RFS – the most successful energy policy enacted in the last 40 years.”
National Farmers Union (NFU) President Roger Johnson says the Corn Ethanol Mandate Elimination Act would “cripple rural America’s economy and be an enormous step backwards for America’s goal of energy independence by a decade or more.”
National Corn Growers Association board member Keith Alverson of South Dakota added that Congress should not turn its back on success with renewable fuels. “The Renewable Fuel Standard is working,” said Alverson. “With a second consecutive record crop, there is more than enough corn to meet all demands for food, fuel, feed, and fiber. Corn farmers have more than met our commitment on the RFS. There are many good reasons to continue this policy, and we look forward to working with Congress to support it.”