McConnell, Mitch - (R - KY)
317 Russell Senate Office Building
Washington DC 20510
Paul, Rand - (R - KY)
167 Russell Senate Office Building
Washington DC 20510
The White House
Bills & Issues
On Tuesday of this week, the White House announced postponement of a compromise that had been considered which would have contained potentially damaging changes to the Renewable Fuel Standard.
The House Agriculture Committee released House Bill 2, the Agriculture and Nutrition Act of 2018, on Thursday, April 12, and Congressman James Comer, who represents Kentucky's 1st District, is happy with what he and his fellow committee members have put together for Kentucky’s and the nation’s farmers.
The Trump Administration's announcement of $60 billion in new tariffs against Chinese imports into the United States has already prompted a response from China. It is considering placing import duties on US pork and ethanol, two significant corn markets.
Many farmers, when reading ag media over the past couple of weeks, have gotten acronym overload over a complicated but integral part of the Renewable Fuels Standard. The topic has been discussed on numerous occasions in the White House throughout the past few weeks.
Economists at Purdue University have analyzed the potential economic implications of a price cap on RINs in conjunction with an E15 RVP waiver. Their analysis finds that a price cap—even when paired with an RVP waiver--would prevent achievement of the objectives of the Renewable Fuel Standard, reduce overall biofuel blending, and halt investment in higher blend infrastructure.
“For farmers, ethanol blending equals corn demand. Farmers care about RIN values, not because we want them to be high, but because we want the RIN market mechanism to work freely to incentivize blending.
A new analysis issued by University of Illinois economist Scott Irwin finds that the impact of a 10-cent cap on RIN prices, as proposed by Texas Sen. Ted Cruz, would be “catastrophic” for the Renewable Fuel Standard (RFS) and “would have large impacts on biofuels in the U.S.”
“Targeting the federal crop insurance program is extremely shortsighted. These cuts would reduce premium subsidies for policies with harvest price coverage by 15 percentage points. It also reduces premium subsidies for policies without harvest price coverage by 10 percentage points.
KyCorn President Mark Roberts met with his fellow growers and Corn Grower staff for a Risk Management Action Team meeting in Washington D.C. The team discussed the tax plan and how it will affect farmers as well as issues within the Farm Bill, such as base acres, ARC, PLC and crop insurance.
KyCorn, with assistance from the National Corn Growers Association, recently held four listening sessions across central and western Kentucky to gather corn farmer input on the next Farm Bill. More than 200 farmers and interested individuals attended.
We would like to thank everyone who attended one of our Farm Bill Listening Sessions, November 20-21. We had a great turnout and wonderful conversation. Your input will help us craft language for our congressional delegation so they may work toward policy that will benefit our Kentucky corn farmers.
Policy makers, industry association leaders and ethanol producers from across the Western Hemisphere have gathered in Houston, Texas, last week for the first Ethanol Summit of the Americas focused on regional collaboration to capture the benefits of biofuels use.