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Delay of 2014 RFS Volume Standards a ‘Serious Disappointment’

Delay of 2014 RFS Volume Standards a ‘Serious Disappointment’

24 November 2014

US - Responding to the news that the Renewable Fuel Standard (RFS) volume targets would not be released before the end of the year, NFU President Roger Johnson called the news a 'serious disappointment'.

Mr Johnson also noted that NFU remains hopeful the delay will allow the agency to return the RFS target levels back to the statutory targets.

“Ethanol and all biofuels have been the best thing to happen to farm country in generations, and the volume standards that are supposed to be set by EPA are a significant help in establishing the market for biofuels,” said Mr Johnson.

“Rural America and the biofuels industries rely heavily on these targets for planning and investment purposes. Any hint that the administration might not be fully behind renewable fuels is a major step back for working farmers and the biofuels industries.”

The RFS is the nation’s main policy driver for renewable fuels, and since its creation by Congress has created $184.5 billion in economic impact while supporting 852,056 jobs nationwide.

Mr Johnson noted that the biofuels industries – and the farmers who grow the grains they use – are poised for continued growth here in the US, but need a clear signal that the targets will remain firm. Johnson hopes that the delay will give EPA the time it needs to get the numbers right.

“The proposed targets in November were unacceptable,” said Mr Johnson. “We’re hopeful that the EPA will now be able to address the flaw for both immediate and future target levels.”

“The RFS has created a win-win-win scenario for the environment, farmers, jobs and consumers, and deserves the full support of the administration, not the increased doubt that comes without having targets for renewable fuel use,” said Mr Johnson.

“The EPA needs to demonstrate its support to this vital industry to ensure its success and keep investment in and production of renewable fuels here in the United States.”

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