Ethanol Mandates Debated as Corn Reaches Record Prices

August 6, 2012 14:23 by Stephanie Siders in Agriculture, Energy, Renewables  //  Tags: ,   //   Comments (0)

The Renewable Fuel Standard mandates that ethanol make up 9 percent of the U.S. gasoline supply in 2012, which would use nearly 40 percent of the nation’s corn production.  In the face of record corn prices due to lower than expected corn production, livestock groups went to the EPA asking that the mandate be curbed or suspended.  Likewise, Cargill CEO Gregory Page publicly pled for changes to the Standard last week. Livestock producers argue that if the mandate is waived, more corn will be available for feed which would keep meat prices down for consumers. 

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