Senators' bill cuts corn ethanol from Renewable Fuel Standard

By Farm Futures. 

Two U.S. Senators are again working up a bill to eliminate corn ethanol mandates in the Renewable Fuel Standard.

Sens. Pat Toomey, R-Pa., and Dianne Feinstein, D-Calif., rolled out the bill proposed bill, The Toomey-Feinstein Corn Ethanol Mandate Elimination Act of 2015, this week. Sen. Jeff Flake, R-Ariz., is also a cosponsor of the measure.

The RFS requires annual increases in the amount of renewable fuel that must be blended into the total volume of gasoline in the U.S. The Senators say that the mandate for corn ethanol, however, drives up corn prices and the cost of both food products made from corn and meat produced using corn as feed.

Read More...