The most recent Ag Economy Barometer from Purdue University and CME Group asked for farmers’ thoughts on the future of farmer equity and the U.S. ethanol industry with the majority of responses showing strong concern for both.
Perhaps no commodity has felt the negative consequences of the COVID-19 pandemic more than ethanol, and thus corn, as gasoline usage declined dramatically during the stay at home restrictions took effect.
The global production of feed grains, which includes corn, sorghum, barley, and oats, is projected to reach a new record of 1.48 billion tons in marketing year 2020-21, up more than 5% from the previous year.
U.S. Secretary of Agriculture Sonny Perdue announced the U.S. Department of Agriculture intends to make available up to $100 million in competitive grants for activities designed to expand the availability and sale of renewable fuels.
Estimates show overall annual damage of roughly $788 million for corn, $213 million for soybean, over $2.5 billion for ethanol, $658 million for fed cattle, $34 million for calves and feeder cattle and $2.1 billion for hogs.
Farm groups and ethanol producers got a big win as the Trump Administration decide not to seek a re-hearing of a recent ruling by the U.S. Court of Appeals for the Tenth Circuit that struck down certain small refinery exemptions (SREs) under the Renewable Fuel Standard, according to a release from the National Corn Growers Assn.
The U.S. Energy Information Admin. (EIA) expects the production of biofuels to continue increasing, but at a relatively slow pace, between 2020-50, according to its Annual Energy Outlook 2020 (AEO2020).
As the political wrangling about Renewable Fuel Standard and Small Refinery Exemptions continues to escalate, the U.S. Energy Information Admn., issued a report that contends that the EPA refinery exemptions reduced renewable fuel blending requirements.
The Andersons Inc. (Nasdaq: ANDE) announced that it and Marathon Petroleum Corp. (NYSE: MPC) have merged four ethanol entities with and into the new legal entity The Andersons Marathon Holdings LLC (TAMH).
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.