Earlier this month, the National Farmers Union and the National Corn Growers Association released a white paper detailing the dramatic toll that uncertainty over the Renewable Fuel Standard has taken on rural economies. Projections for American farmers’ net cash income in 2015 show a 26 percent decrease from peak levels in 2013.
The RFS, which is the only federal law on the books combating climate change, has driven sustainable growth in renewable fuel for a decade. The renewable fuel industry sparked an economic revolution that raised farm incomes across sectors while creating jobs in rural communities. U.S. farmers increased their production by investing in better technology and sustainable acreage expansion.
But the EPA’s failure to release the rules for 2013, 2014, and 2015 has caused net farm income to likely fall more than 50 percent in only two years. When the farm community loses, the whole country loses.
By sidestepping its responsibilities on the RFS, the EPA is putting American jobs, investments, and innovations at risk.