Over the course of the last week, U.S. Senator, Joni Ernst, has attended two meetings at the White House in order to stress to President Trump and her colleagues the importance of the Renewable Fuel Standard (RFS). A strong program is needed to encourage consumer choice, investment and innovation while also reducing our dependence on foreign oil. She says that, unfortunately, there is a contingent who have requested changes to the Renewable Identification Number (RIN) cap or waiver that would ultimately undermine the 15 billion gallon volume obligation for ethanol, and would also have a profound impact on biodiesel production. This change, Ernst says, would come at the expense of farmers in Iowa and across the Midwest. President Trump does agree that the year-round sale of E15 would bring RIN prices down, and this basis is what drives corn demand and biofuels production in the state. Ernst has made a promise to all Iowans that she and Senator Chuck Grassley will continue to protect and defend the RFS.
