Trump Administration Announces $12 Billion in Farm Aid 

Press Contact: Hannah Love

515-322-0435

 

WEST DES MOINES, IA – Today the Trump Administration announced $12 billion in financial aid to America’s farmers. Most of the funds are earmarked as one-time payments to farmers that have been affected by low crop prices and ongoing trade wars. Iowa Renewable Fuels Association Executive Director Monte Shaw released the following statement regarding the news: 

“Farmers are really hurting in what might be the worst farm economy in 40 years. So, the immediate emergency aid is needed and appreciated. Having said that, farmers don’t want bailouts year after year; they want new markets. IRFA urges President Trump to pick up the phone, call the Congressional leaders, and ensure that nationwide, year-round E15 is enacted in the next 4 to 6 weeks. We stand ready to work with President Trump and the Iowa delegation to get E15 done.” 

Allowing nationwide, year-round E15 sales create the opportunity for 7 billion gallons in new ethanol demand each year, equating to over 2.25 billion bushels of new annual corn demand.

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The Iowa Renewable Fuels Association represents the state’s liquid renewable fuels industry and works to foster its growth. Iowa is the nation’s leader in renewable fuels production with 42 ethanol refineries capable of producing 4.7 billion gallons annually – including 34 million gallons of annual cellulosic ethanol production capacity – and 10 biodiesel facilities with the capacity to produce 416 million gallons annually. For more information, visit the Iowa Renewable Fuels Association website at: www.IowaRFA.org.