10/15/2012

The data show there is no point in waiving the Renewable Fuel Standard, writes columnist Karl Guenther. Though the corn crop is shorter than expected this year, waiving the RFS would do little to affect crop prices or availability. One study said an RFS waiver would actually raise prices for livestock and poultry producers. "That study found that if a waiver did reduce biofuel output, trivial corn price reductions would be partially -- even fully -- offset by increased prices for other feedstuff like Distillers Dry Grains, corn gluten feed and corn gluten meal which are byproducts of ethanol production, and are fed to livestock and poultry all across the country," he writes.

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