IL Corn delegates joined the 124 corn-farmer delegates to the National Corn Growers Association in unanimous support of a sense of the body resolution regarding the Renewable Fuel Standard Renewable Identification Number system. This resolution supports the broad position we’ve been encouraging to our Illinois Corn Growers Association to take on the RINs issue in the face of multiple Presidential-level meetings where a RINs price cap is being discussed. IL Corn is against a RINs cap program and holds the line on this issue, believing that greater market access for higher ethanol blends will bring RINs prices down in response to supply and demand economics.
The text of the resolution is below:
Whereas, the Renewable Fuel Standard has been a successful public policy for our nation’s energy security, the environment and rural America and;
Whereas, the Renewable Identification Number (RIN) component of the Renewable Fuel Standard is vital to the success of the RFS and;
Whereas, RINs are the market mechanism that drives blending to obligated levels and;
Whereas, any cap or other manipulation of the RIN program would disrupt that mechanism and diminish the related incentive to blend and;
Whereas, farmers across the country are facing historically low prices and the farm economy is truly suffering.
Therefore, we, the assembled voting delegates of the National Corn Growers Association, do ask President Donald Trump to retain the current RIN system without change.