In 2011, ethanol production will reduce global greenhouse gas (GHG) emissions by 105 million tons worldwide according to new data released by (S&T)2 Consultants Inc. This is equivalent to a reduction of more than 287,000 tons every day....More
Two years’ worth of attempts by the soybean checkoff to convince Europeans of the sustainability of biodiesel made from U.S. soybean oil recently culminated in several “frustrating” meetings in Brussels between United Soybean Board (USB) Chairman Marc Curtis and several European Union (EU) officials....More
Responding to an amendment (#220) filed by Sen. Tom Coburn (R-OK) to the small business reauthorization bill currently under consideration on the Senate floor that would immediately repeal a tax incentive for ethanol use known as the Volumetric Ethanol Excise Tax Credit (VEETC), the Renewable Fuels Association (RFA) issued the following statement:...More
Agriculture Secretary Tom Vilsack has announced that USDA is seeking applications to increase the production and use of renewable energy sources. Funding is available from three USDA Rural Development renewable energy programs authorized by the Food, Conservation, and Energy Act of 2008 (Farm Bill)....More
Richard Brock, president of Brock Associates, answered these questions following his market outlook to 450 corn and soybean growers and industry professionals attending 2011 Commodity Classic in Tampa, FL....More
Last week, corn futures prices approached levels not seen since June and July 2008, when nearby futures settled above $7.50/bu. With corn prices again approaching record highs, attacks on corn ethanol are soon to follow, as they did in 2008, when critics argued corn should be reserved to meet food demand, rather than fuel demands....More
The American Coalition for Ethanol (ACE) has announced that U.S. Sen. John Thune (R-SD) is confirmed to address its members assembled in Washington, D.C., on March 29 during the organization’s third annual “Biofuels Beltway March.” Thune is newly appointed to the U.S. Senate Finance Committee, which has jurisdiction over ethanol tax credit issues....More
Agriculture Secretary Tom Vilsack has announced that USDA will soon seek proposals to study the feasibility of providing crop insurance to producers of biofuel feedstocks, including corn stover, straw and woody biomass. These feasibility studies, funded by the Risk Management Agency (RMA) will join research efforts already underway for energy cane, switchgrass and camelina....More
Last year (2010) was another record year for American ethanol producers. According to data from the U.S. Energy Information Administration (EIA), daily ethanol production in 2010 averaged nearly 863,000 barrels/day (b/d). That represents 36.24 million gallons of daily production and nearly 13.23 billion gallons of production for calendar year 2010. 2009 ethanol production was 10.75 billion gallons....More
Pat Breen doesn’t believe in fall fertilizing – ever. He doesn’t believe in any unnecessary trips across a field, either. It’s all about being fast and efficient on his 6,000-acre Seneca, SD, operation....More
As the 2011 NASCAR season launches with a new, greener fuel, the nation’s corn growers are joining forces with NASCAR to promote the use of corn-based American ethanol. As an official partner of NASCAR, the National Corn Growers Association (NCGA) will leverage its relationship to spread the message to NASCAR fans around the country about the role American farmers play in the development of ethanol....More
A 1,000-acre operation can typically save $10,000-20,000 a year on energy costs,” says Mark Hanna, an Iowa State University (ISU) Extension agricultural engineer. The range may be from $5,000 to $35,000, depending on the farm....More
In any industry, profits swing up and down in the short term, but for the ethanol industry the major long-term profitability trend continues to be quite favorable. Growth from this point will not likely be as fast and furious as it was in the previous five years, but growth nonetheless is continuing....More
After months of testing, the Environmental Protection Agency (EPA) on Friday approved the use of gasoline containing up to 15% ethanol (E15) for use in automobiles manufactured between 2001 and 2006.
The decision means that roughly 62% of vehicles now on U.S. roads can use the higher-ethanol gasoline....More
The EPA has announced E15 blends (15% ethanol/85% gasoline) to be safe for use in all cars and pickups built from 2001 on. This decision builds upon an October 2010 EPA decision that limited E15 use to just 2007 and newer vehicles. With 2001 and newer cars and pickups included, EPA has approved the use of E15 for 62% of vehicles on the road today according to car industry data....More
The National Corn Growers Association applauded the Environmental Protection Agency’s announcement today that approved the use of E15 in older-model cars from 2001-2006. This decision follows the EPA’s approval of the use of E15 for 2007 and newer cars this past October....More
Agriculture Secretary Tom Vilsack has announced that USDA Rural Development has selected for funding 68 study grants nationwide to determine the feasibility of renewable energy projects. The regions include the Northeast, Central/East, Southeast (including Hawaii), West and Pacific Northwest (including Alaska). In all, studies will be funded in 27 states and the Western Pacific. Funding is made available through the Rural Energy for America Program (REAP) under the 2008 Farm Bill....More
Winter weather is wreaking havoc in many parts of the country, but city officials in Minneapolis have found a unique way to help battle the huge mounds of snow plaguing a city with limited snow storage options – a biodiesel-powered Snow Dragon that can melt 30 tons of snow/hour....More
The U.S.Environmental Protection Agency’s(EPA) has announcement it is deferring greenhouse gas (GHG) permitting requirements for carbon dioxide (CO2) emissions from biomass combustion and other biogenic emissions....More
The U.S. doesn't have the infrastructure to meet the federal mandate for renewable fuel use with ethanol but could meet the standard with significant increases in cellulosic and next-generation biofuels, according to a Purdue University study....More
Next year, 2011, is setting up to be another interesting year in the agriculture industry, following a very excellent year in 2010 for most crop producers in the Upper Midwest, and continued tight profit margins in the livestock sector, especially late in the year. Following are some items that are likely to be on the forefront in the agriculture industry for 2011:
Crop Production...More
As expected, 2010 proved to be a pivotal year for the U.S. biodiesel industry. With a new federal requirement for use of a targeted level of biodiesel as well as the reinstatement of the federal biodiesel blenders’ tax credit through 2011 now in place, most of the industry should be able to turn its focus back to producing more of this economically beneficial fuel....More
On Dec. 17, 2010, Congress passed and President Obama signed legislation extending for another year the 45¢/gal. ethanol and $1/gal. biodiesel tax credits, as well as the 54¢/gal. ethanol import tariff. The biodiesel tax credit terminated almost a year ago, and the ethanol tax credit and tariff were scheduled to cease at the end of this year....More
The American Soybean Association (ASA) applauds Senate passage of the "Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010," and urges prompt House passage of the legislation. The Senate bill makes the biodiesel tax incentive retroactive for 2010, and extends it through 2011....More