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King Corn continues to bite Trump's hand after being fed

Added 06-18-19 02:50:07pm EST - “Predictable, but still sad” -


Posted By TheNewsCommenter: From “King Corn continues to bite Trump's hand after being fed”. Below is an excerpt from the article.

We’ve been following the unfortunately close relationship between President Trump and the ethanol lobby since the early days of his administration and the news has generally not been good. Most recently, we looked at how both the oil and gas industry and environmental activists have been highly critical of Trump’s tremendous gift to King Corn. That was the recent move to lift the ban on sales of E15 blended gasoline during the warmer summer months.

That’s yet another battle we lost, so you’d think that the people in corn country would be pretty satisfied with Donald Trump at the moment and perhaps even display a little gratitude. Nope. Think again. Getting the E15 gift was nice, but during the President’s recent trip to Iowa, he was reminded that they need him to stop issuing waivers to smaller refineries over the Renewable Fuel Standard so they can shove every drop of ethanol possible into the nation’s gasoline supply.

President Trump is only as good for farmers in Iowa as the “second promise” he keeps for the ethanol industry, say lobbyists for the corn-based fuel.

The first promise was securing a market for 15% ethanol blends to be sold all year. The second promise is making sure the Environmental Protection Agency doesn’t upend the market for ethanol by approving 39 pending exemptions for the oil industry not to blend the renewable fuel…

“We could not have asked for a better E15 rule,” said Monte Shaw, CEO of the Iowa Renewable Fuels Association. But it is the “second promise” that the farmers in rural America are waiting on Trump to keep.


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