ACE urges USDA to help ethanol producers when distributing economic assistance in rural America
Posted on 04/13/2020
On April 13, the American Coalition for Ethanol (ACE) urged the U.S. Department of Agriculture (USDA) to utilize its authority and allocation of additional funds provided to the Commodity Credit Corporation through the Coronavirus Aid, Relief, and Economic Security (CARES) Act to aid ethanol producers suffering from the economic fallout of the COVID-19 pandemic. Beyond an immediate cash infusion, ACE is also seeking USDA’s assistance in helping the EPA recognize it needs to correct a problem regarding implementation of the RFS which has been exposed during this pandemic. Specifically, ACE requests the support of USDA to ensure that EPA acts on the three specific steps ACE outlined to stabilize ethanol demand in a April 3 letter sent to EPA Administrator Wheeler. While the Administration works international channels to spur a cut in oil production from OPEC nations to aid U.S. oil interests by buoying oil prices, these actions do not help the ethanol industry and it’s imperative immediate action is taken to help ethanol producers, and the farmers supplying them corn, who are suffering a proportional economic disaster.