Trump Releases New Adjusted RFS Plan
On Friday, October 4th, the Trump administration released an updated plan for the Renewable Fuel Standard (RFS). The new plan provided an outline that was considered more favorable to farmers and the renewable fuels industry than a previous version released in the summer that provided oil industry with loopholes for compliance. It is estimated that 40 percent of the U.S. corn crop goes towards ethanol production. A final rule is expected in late November.