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NPPC 'insists' Obama administration study ethanol expansion
TheNational Pork Producers Council (NPPC) is “insisting” that the Obama administration study the economic impact of any expansion of corn-ethanol production and usage.
In a letter to key department heads in Washington, including the secretaries of agriculture andenergy and the administrator of EPA, NPPC asks for a closer examination of the possible impacts of raising the ethanol blend from its current 10 percent level. Included in the study, NPPC says, should be the extent to which increasing blend limits will further increase market speculation and how itwill affect grain and commodity markets.
NPPC says the pork industry has paid a price for ethanol, in the form of much higher feed costs. It says that, due mostly to those higher costs, pork producers have lost an average of 20 dollars on each hog marketed since October of2007—and that the industry has lost between three and three-point-five billion dollars in equity over the past eighteen months.
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