Source: Carl Zulauf, OSU economist
May 22, 2013
BY Susanne Retka Schill
Advertisement
Advertisement
U.S. fuel ethanol production fell by 1% the week ending June 19, according to data released by the U.S. Energy Information Administration on June 24. Stocks of fuel ethanol were up slightly while exports were down 4%.
President Donald Trump on June 24 called on Congress to pass E15 legislation and asked lawmakers to approve an additional $11.1 billion in farm aid, including $10 billion in economic support for row and specialty crop farmers.
The National Corn Growers Association, along with 15 state corn organizations, sent a letter to the USDA encouraging investment in research that supports the full value of corn grain as a driver of new market opportunities and farm income.
The USDA on June 18 released data showing the cost of corn production is expected to increase by nearly 6% this year, reaching $935.79 per acre. Per-acre costs are currently projected to grow an additional 2% in 2027.
In June, the USGBC invited influential journalists and representatives from weekly Japanese business journals to the U.S. for interviews and site visits related to the use of bioethanol as a feedstock for sustainable marine fuel (SMF).