IL CORN FARMER TESTIFIES AT CONGRESSIONAL HEARING FOR HIGH OCTANE FUELS
“Farmers are growing more corn—or octane - per acre than ever before,” said Paul Jeschke, a farmer from Mazon, Illinois, who testified before Congress today at the House Committee on Energy and Commerce Subcommittee on Environment hearing titled High Octane Fuels and High Efficiency Vehicles: Challenges and Opportunities. A growing body of evidence shows that high-octane midlevel ethanol blends offer the most environmentally friendly and cost-effective route to increased vehicle efficiency and lower greenhouse gas emissions. Corn-based ethanol is the most widely available, cost-efficient source of octane on the market. It’s a no-brainer. A true win-win-win for farmers, the environment, and for consumers. IL Corn thanks Committee Chairman, Congressman John Shimkus, for the invitation to include a corn farmer on the committee witness panel. We’re looking forward market access for farmers to fuel the future high-octane fuels in high-efficiency vehicles. Ethanol-powered high-octane fuels are a key growth market for domestic corn demand, a demand that can easily be met with modest trend-line yield growth over time.
Paul’s opening statement as a witness is available from the committee video feed here. Fast forward to the 37:45 minute mark to watch Paul’s 5-minute prepared remarks. There is a 20-minute long recess from about 1 hour 40 minutes into the hearing until the 2-hour mark. The Committee had to recess to take a floor vote.
You can also click below to listen to the audio portion only of Paul’s opening statement.
The following points were among those discussed at the hearing:
• The potential for high octane fuels and vehicles designed for them to further the goals of the RFS and CAFE/GHG programs.
• The impacts of a transition to high octane fuels and vehicles on refiners, biofuel producers, automakers, and fuel retailers.
• The impacts of a transition to high octane fuels and vehicles on consumers.
• The legal and regulatory steps necessary to bring about a transition to high octane fuels and vehicles.
President Trump indicated that he understands farmers have a lot to lose when it comes to exports.Learn More
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.Learn More
You can read more about the corn specific tariffs announced today by the EU here.Learn More