FAPRI publishes study saying RFS will not signficantly reduce corn prices

In Iowa, the Food and Agricultural Policy Research Institute has published a new study indicating that a full waiver of the RFS requirements will only reduce corn prices by 0.5%. The study also concluded that “overall ethanol use and production are projected to be motivated mostly by crop and fuel market conditions in the current marketing year, not the RFS.” The Renewable Fuels Association responded positively to the study, indicating that the study “adds to the mounting body of evidence showing that a waiver of the RFS would not meaningfully impact feed prices.”

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