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NFU: Senate Energy Bill Increases Fuels from the Farm

by 5m Editor
14 December 2007, at 10:28am

US - The Senate today passed an energy bill that will allow America’s farmers and ranchers to play a significant role in reducing our dependence on foreign oil. Most notably, the Senate energy bill expands the Renewable Fuels Standard (RFS) to 36 billion gallons by 2022.

“Fuels from the farm is a bright spot for rural America,” US NFU President Tom Buis said. “Renewable fuels have revitalised once-struggling rural communities by creating economic opportunities for family farmers, ranchers and rural Americans. I commend the Senate for their support, urge the House to follow suit and the President to sign before the end of the year.”

NFU has been a long-time advocate for creation and expansion of a national RFS. The original standard, passed in 2005 has been positive to rural communities; the establishment of an ethanol plant increases local economic activities, generates additional household income and creates as many as 650 new, permanent jobs per community. Additionally, because of public policies that encourage local ownership, ethanol production is the only sector in agriculture that has seen a reduced level of concentration.

“America’s farmers and ranchers have been providing a safe, affordable, abundant food supply for more than 200 years and are ready, willing and able to provide clean, renewable fuels from the farm,” Mr Buis said.

“While I am disappointed an extension of renewable tax incentives such as the production tax credit (PTC) for wind and a national Renewable Electricity Standard (RES) were not part of the final energy bill, I remain hopeful that Congress will address these provisions in 2008,” Buis said.

5m Editor