National Farmers Union issued the following Action Alert today:
The White House is meeting with oil and biofuel companies on Monday, March 12, to end a debate between the two industries about the Renewable Fuel Standard (RFS). The outcome of the meeting has some serious ramifications for biofuel production in the U.S., which is a tremendous economic boon for farmers and rural communities. Family farmers need President Trump to stand up for the RFS and homegrown biofuels.
One proposal being floated by oil company representatives would put a cap on prices for Renewable Identification Numbers (RINs), which are required to comply with the RFS. This would lead to less biofuel being produced for our transportation sector, meaning a smaller market for farmers to sell their crops. Farmers are already dealing with a severely depressed farm economy. To make that worse by cutting off important markets is unacceptable.
Please call President Trump at 202-456-1111 and let him know he needs to reject a cap on RIN prices!
03-12-18 UPDATE: The scheduled meeting between stakeholders was taken off the White House schedule.