There was a better-than-9% drop in the number of D4 biomass-based diesel renewable identification numbers (RINs) generated in June from May.
Business & Inputs
Although the EPA made it clear it wasn't asking for testimony on the agency's small refinery waiver program in the Renewable Fuel Standard, farmers and biofuels producers called for changes anyway during a public hearing in Michigan on Wednesday.
Track interest rate trends in benchmark rates, farm mortgages, operating credit, farm machinery and feeder loans, based on DTN sources and Federal Reserve surveys of ag banks.
Farmers are caught in the middle of a multi-front trade war, and bankers worry damage to farm incomes could put a dent in farmland values, especially as the Federal Reserve moves forward with higher interest rates.
Iowa senators and representatives told EPA Acting Administrator Andrew Wheeler he has "an important job" in implementing the Renewable Fuel Standard.
A lack of rain in east-central Kansas and north-central Missouri, has led to crops withering in the field, leaving livestock with little to eat or drink.
The latest EPA documents released on proposed Renewable Fuel Standard volumes show the agency planned to reallocate biofuel gallons lost to waivers following a meeting between former EPA Administrator Scott Pruitt and U.S. Secretary of Agriculture Sonny Perdue.
Ag Interest Rate
|DTN Ag Interest Rate Snapshot|
|TODAY||- LAST YEAR|
|CCC Loan Rate||3.125||2.125|
|Real Estate *||4.53||4.24|
|Feeder Livestock *||4.48||4.01|
|Farm Machinery *||5.44||4.14|
|* Federal Reserve's quarterly average|
|effective interest rates at ag banks.|