Growth Energy Explains Ag Impact of RFS in Comments to Energy Committee
In addition to issuing a series of white papers on the impact of the Renewable Fuel Standard - the House Energy and Commerce Committee recently asked stakeholders to submit comments on the agricultural impact of the RFS. In response - Growth Energy outlined the critical importance of the RFS and how it has directly benefited consumers, farmers and America. According to Growth Energy CEO Tom Buis - the RFS has been one of the most successful energy policies in the last 40 years. He says it's had a tremendous positive impact on the agriculture sector and on consumer prices at the pump. Buis notes the RFS has significantly increased value to farmers for their crops and hard work and has driven production efficiency.
Buis also clarifies the total amount of corn used to make ethanol. If you look beyond simple volume and into the net corn acreage used - he says the industry utilizes just 17.5-percent of the acres because of displacement of corn and soybean meal through the use of distiller grains as a high protein animal feed.
The bottom line - according to Buis - is that the RFS has provided significant benefits to farmers at home and around the world. He says the global corn crops of recent years have been record-breaking and have provided economic opportunities to many farmers and communities most in need.
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