Content ID

333582

Evening Edition | Tuesday, September 13, 2022

In tonight's Evening Edition, read the latest about the EPA rule to allow year-round sales of E15, the trajectory of the record-high net farm income, and halts to grain shipments in the U.S.

EPA and E15

Under the Renewable Fuel Standard, oil refiners must blend billions of gallons of biofuels into their fuel mix or buy credits from those that do. 

While Congress set out specific goals through 2022, the law expands the EPA's authority to change the way the RFS is administered. 

Starting next year, the agency will have leeway to set multi-year mandates and make other changes.

Record High Farm Income

War in Ukraine and record-large ag exports to China will drive U.S. net farm income to a record $148.3 billion this year, twice as high as five years ago, said the FAPRI think tank on Monday.

Income would decline in 2023 and 2024 as commodity prices soften, and then hold steady through 2027.

“Looking ahead, a projected decline in farm commodity prices outpaces expected declines in farm input prices, and projected net farm income declines in 2023 and 2024," according to FPRI.

U.S. Grain Shipments via Rail

Some U.S. railroads will start halting crop shipments on Thursday, a day ahead of a potential work stoppage, an agricultural association and sources at two grain cooperatives said on Tuesday, threatening exports and feed deliveries for livestock.

Max Fisher, chief economist at the National Grain and Feed Association, which represents most U.S. grain handlers, said rail customers reported at least one railway would stop taking grain shipments on Thursday morning.

Railroads have until a minute after midnight on Friday to reach tentative deals with holdout unions representing about 60,000 workers.

Read more about
Loading...

Talk in Marketing