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Homegrown, Renewable Fuels provide Energy Independence

Biodiesel and ethanol, two energy sources made from soybeans and corn, respectively, are homegrown and locally produced. For Renewable Fuels Month in September, Nebraska farmers celebrate these homegrown crops and their abundant number of renewable uses.

In Nebraska last year, farmers raised 252 million bushels of soybeans and 1.6 billion bushels of corn. And that number is growing. From these two crops, fuel sources, livestock feed and thousands of food products are created – right here in Nebraska, as well as across the U.S.

Homegrown, renewable fuels contribute to our energy independence and security. Over 1,500 are employed in rural Nebraska because of renewable fuels. Nationwide, more than 850,000 jobs are supported by renewable fuels, according to an economic impact study by John Dunham & Associates recently released by the Fuels America coalition.

The Dunham & Associates report tells the story of an innovative, advanced renewable fuels and biofuels industry that is producing growing benefits for America’s economy. Part of the effort in contributing towards an expanded biofuels industry is the Renewable Fuel Standard (RFS). “The data is in: The RFS is driving billions of dollars of economic activity across America,” the report concludes. “This is the result of years of investment by the biofuel sector to bring clean, low carbon renewable fuels to market.”

Renewable fuels represent nearly 10% of America’s fuel supply and have helped reduce U.S. reliance on foreign oil to the lowest level in years.

In 2007, the RFS program was expanded to include biodiesel, increased the amount of fuel required to be blended into transportation fuel to 36 billion gallons in 2022, created new categories of renewable fuels including advanced, cellulosic, and conventional and evaluated the lifecycle of greenhouse gases to ensure each category was meeting a minimum threshold.

The RFS is doing exactly what it was intended to do. “In 2013, we reduced our imported crude oil by 462 million barrels and 1.1 billion gallons of imported petroleum diesel,” said David Merrell, corn farmer and District 7 director for the Nebraska Corn Board. “Each year we are producing more renewable fuels in the United States. They are supporting the local farmer and provide as much as $3 million in tax revenue for Nebraska.”

The RFS is reducing our dependency on imported oil, providing a homegrown, locally produced renewable fuel, creating jobs, providing tax revenue, and more. Renewable fuels are a win-win situation for the farmers, rural communities, and consumers.

Merrell added, “With the diversity of products we can make from these two crops, Nebraska consumers should feel great about using renewable products, like ethanol and biodiesel that come from a homegrown crop grown each year across the state.”

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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.