Ethanol, corn leaders in Nebraska optimistic about federal support
This article first appeared in the Lincoln Journal Star and was published on March 11, 2017.
While farmers might be experiencing some heartburn over the future of the federal Renewable Fuels Standard, Nebraska’s corn and ethanol leaders say they’re optimistic President Donald Trump and Congress will support ethanol, an important pillar of the state’s agricultural industry.
Several years of bin-busting harvests have driven row-crop prices below the break-even mark for farmers, and corn stocks have reached a 30-year high of 12.4 billion bushels as of December, according to the most-recent U.S. Department of Agriculture gures.
Government forecasters expect net farm income will roll in at $62 million in 2017, which is nearly half what America’s farmers made in 2013.
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