US EPA Proposes Scale Back of Renewable Fuel Standard

BY  | October 10, 2017 - 

According to a recent release of the the American Soybean Association (ASA), the US EPA signaled it is considering reducing proposed Renewable Fuel Standard (RFS) volumes, including those just finalized a year ago.

If the move succeeds, it could affect 64,000 American workers who rely on biodiesel as well as the farmers who grow soybeans used to produce it.

In 2016, the US produced approximately 1.9 billion gallons of biodiesel with ample feedstock and production capacity to produce more. In the same year, the US imported another billion gallons of biomass based diesel.

The US EPA originally proposed to volumes of 2.1 billion gallons (including imports) for 2019, well below the actual production capacity of the United States without any imports at all. The ASA suggested proposed volumes of at least 2.5 billion gallons.

The ASA points out the RFS has “boosted the agriculture economy, increased commodity values, personal earnings, local and state tax revenues, and economic activities in rural communities across the country.” Scaling back RFS volumes could affect the farm economy.

The ASA will submit formal comments to the US EPA to rescind the proposed RFS scale back by the October 19 deadline.

The ASA also urges soybean farmers to engage elected officials on this issue by sending emails and tweets to lawmakers through the ASA’s Soy Action Center.

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