Trump in high-stakes balancing act between oil and corn

WASHINGTON/NEW YORK, Sept 6 (Reuters) – At a closed-door meeting at the White House on Aug. 19, President Donald Trump looked increasingly alarmed as his top envoy to China delivered evidence of rising Farm Belt frustration over his biofuel policy along with a stark warning: You’ve got a problem in Iowa. Terry Branstad, the former […] Read more

Republican Iowa senator says Trump EPA hurt farmers with biofuel waivers

WASHINGTON, (Reuters) – Iowa’s Republican Senator Chuck Grassley said the Trump administration’s Environmental Protection Agency has “screwed” the U.S. ethanol industry and farmers by granting waivers to 31 small petroleum refineries, effectively exempting them from an obligation to use more ethanol in their products. The powerful senator, who represents the largest ethanol-producing state in the […] Read more

Trump intervention triggered EPA’s surprise biofuel waiver decision -sources

WASHINGTON (Reuters) – A phone call from U.S. President Donald Trump last week ended a nearly two-month-long review of the nation’s biofuels program, three sources familiar with the matter said, with the White House siding in favour of oil refiners over corn growers. Trump gave Andrew Wheeler, head of the U.S. Environmental Protection Agency, the […] Read more

U.S. to pay farmers up to $16 billion for trade war losses

WASHINGTON/CHICAGO,  (Reuters) – The U.S. government will pay American farmers hurt by the trade war with China between $15 and $150 per acre in an aid package totaling $16 billion, officials said on Thursday, with farmers in the South poised to see higher rates than in the Midwest. The assistance, starting in mid-to-late August, follows […] Read more

U.S. to pay $15 minimum per acre to farmers hurt by China trade war

WASHINGTON, (Reuters) – The U.S. government will pay a minimum of $15 per acre to farmers hurt by President Donald Trump’s trade war with China under an aid package to be unveiled before the end of the week, Agriculture Secretary Sonny Perdue said on Tuesday. “We’ll have information for you before the week ends,” Perdue […] Read more

The U.S. has some 200 ethanol plants capable of producing 1.06 million barrels per day, and about 100,000 to 140,000 bpd of capacity has been taken off line due to the floods, according to three traders who track operations. | Reuters photo

Floods shut nearly a sixth of U.S. ethanol production

MEAD, Neb./NEW YORK, March 22 (Reuters) – Massive flooding in the U.S. Midwest has knocked out roughly 13 percent of the nation’s ethanol production capacity, as plants in Nebraska, Iowa and South Dakota have been forced to shut down or scale back production following the devastation. Production facilities owned by large companies like Archer Daniels […] Read more

Farm Credit CEOs warned that some farmers were about to run out of options after years of lower corn and soybean prices unless there is an end to President Donald Trump's trade war with China, which all but wiped out the main export market for U.S. soybeans this year. | File photo

U.S. Farm Credit CEOs see more financial pain if no China trade deal

WASHINGTON (Reuters) – Lenders supporting tens of thousands of American farmers last week warned White House officials that 2019 could cause more producers financial losses if the trade dispute with China is not resolved. In a meeting with the National Economic Council, the chief executives of three Farm Credit institutions lending to the agriculture industry […] Read more