Statement courtesy of ISA President Tim Bardole who grows soybeans near Rippey, IA.
Today, the Administration announced a critical first step to restore the integrity of the Renewable Fuel Standard (RFS). The action will begin the process of reversing lost biodiesel jobs and production.
ISA, soybean farmers and the broader biofuels community joined together on a united front in recent weeks to spur the Administration to action. It delivered by addressing the continued misuse of small refinery exemptions (SRE), which have severely harmed the soybean and biodiesel industries for far too long. This action restores much-needed certainty in the marketplace by ensuring annual RFS volumes reflect waived gallons from future exemptions, thus helping eliminate wild production swings that destabilize the biofuels industry, farm operations and rural communities.
Senators Charles Grassley and Joni Ernst, Iowa Gov. Kim Reynolds and Iowa Secretary of Agriculture Mike Naig were tireless champions for action on the RFS. ISA deeply appreciates and recognizes their unwavering support of Iowa’s soybean farmers and steadfast defense of the RFS program.
ISA will continue to press the EPA to provide for additional volumes of biomass-based diesel in 2021 through the formal rulemaking process. Coupled with action to account for waived gallons, that the Administration can help ensure the industry will benefit from continued growth and market development. ISA will continue working alongside our elected champions to monitor the EPA’s proposed rulemaking on increasing higher biofuel blends, address trade issues implicating biodiesel and enhance RIN transparency and reform.
The Administration heard us during a time of tremendous uncertainty. This announcement, along with a new trade agreement with Japan and a pending consideration of the U.S.-Mexico-Canada (USMCA) trade pact, continues to breathe life into the market as we head to the fields for harvest.
Not funded by the soybean checkoff
The Iowa Soybean Association (www.iasoybeans.com) develops policies and programs that help Iowa’s more than 40,000 soybean farmers expand profit opportunities while promoting environmentally sensitive production using the soybean checkoff and other resources. The association was founded in 1964 and is governed by an elected volunteer board of 22 farmers. It strives to be honest and transparent, fact-based and data driven and committed to environmental stewardship, collaborations and partnerships.