USDA Prospective Plantings Report Shows Need for Strong and Growing RFS
March 31, 2014
Press Contact: T.J. Page
USDA Estimates Record High Soybean Acreage and Fifth Largest Corn Acreage in 2014
JOHNSTON, IOWA – The Iowa Renewable Fuels Association (IRFA) noted that the U.S. Department of Agriculture’s (USDA) Prospective Plantings Report released today demonstrates the need for a strong and growing federal Renewable Fuel Standard (RFS) in 2014.
The USDA’s Prospective Plantings Report showed planted area devoted to corn is expected to be nearly 92 million acres, the fifth largest corn acreage in the U.S. since 1944. The report also noted soybean acreage is estimated to be at a record high of 81.5 million acres, a six percent increase from last year.
“The past eight years were prosperous for agriculture because the RFS was allowed to act as a sponge, soaking up additional corn and soybeans when needed,” stated IRFA Executive Director Monte Shaw. “The vast amount of corn and soybeans expected to be planted in 2014 demonstrates the importance of a strong and growing RFS. If the EPA’s proposal to essentially gut the RFS is allowed to become final, we could see huge carryovers, crop prices plummet below the cost of production, and family farms placed in jeopardy.”
The full USDA report can be found by clicking here.
Iowa is the leader in renewable fuels production. Iowa has 42 ethanol refineries capable of producing over 3.8 billion gallons annually, with three cellulosic ethanol facilities currently under construction. In addition, Iowa has 12 biodiesel facilities with the capacity to produce nearly 315 million gallons annually.
The Iowa Renewable Fuels Association was formed in 2002 to represent the state’s liquid renewable fuels industry. The trade group fosters the development and growth of the renewable fuels industry in Iowa through education, promotion, legislation and infrastructure development.