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Biofuels groups ask USDA for direct assistance
Several leading biofuels and other national ag groups are asking Ag Secretary Perdue to use the USDA’s authority to directly assist biofuels producers whose industry has been hurt by COVID-19.
In a letter to Perdue, they say the Commodity Credit Corporation should be used to provide biofuels relief to help offset a part of feedstock purchases in the first quarter.
The groups say one-fourth of the ethanol industry has idled production because a lack of motor fuel demand.
The letter is signed by leaders of Growth Energy, Renewable Fuels Association, National Biodiesel Board, NCGA, NFU and AEM.
Tags: AEM, Association Equipment Manufacturers, Biodiesel, CCC, Commodity Credit Corporation, Corn, coronavirus, covid19, Demand, Ethanol, feedstocks, fuel, gasoline, Growth Energy, National Corn Growers Assciation, National Farmers Union, NBB, NCGA, NFU, Renewable Fuels, Renewable Fuels Association, RFA, Sonny Perdue, Transportation, USDA
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