A new report from U.S. Farmers and Ranchers in Action and its partners predicts the U.S. could lose roughly 30 million corn acres by 2050 if new sources of feed demand are not found and the ethanol blending rate remains at 10%.
The study, completed by S&P Global Energy’s consulting group, created a high-growth, optimized scenario where technology is not limited by food and fuel demand. New markets, such as year-round E15, maritime fuels and aviation fuels, could pave the way for farm profitability and rural prosperity.
The report comes as the Senate is expected to take up E15 legislation. The House passed E15 legislation in a close but bipartisan vote in mid-May.
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