Waco, TX (July 6, 2005) – Farmers and Ranchers are now a bit closer to achieving a profitable price from the marketplace due to the U.S. Senate’s passage of the new energy bill by a vote of 85-12. The bill includes several provisions to increase the production and demand for fuels from the farm.
“We are glad that the Senate has chosen to pass an energy bill that supports agriculture producers. This bill is a step in the right direction,” said Texas Farmers Union President (TFU) Wes Sims. “We hope that the Senate and House can agree on a bill containing the Senate’s renewable fuel provisions. The use of renewables, such as ethanol and wind are very positive for Texas farmers and ranchers. Congress should continue down the path and support alternative energy sources from the farm.”
The Senate energy package contains some of the following provisions that will help farmers:
An increased Renewable Fuels Standard (RFS) mandating that 8 billion gallons of ethanol and biodiesel to be used in transportation fuels by 2012.
Phasing out the gasoline additive methyl tertiary butyl ether (MTBE), in four years, and offering guarantees and other incentives to states.
A 10% renewable portfolio standard (RPS) for utilities by 2010, resulting in production of energy through renewable means, such as wind, solar and hyro power,
Extension of biodiesel tax incentives.
The creation of an assistant Secretary for Energy and Biobased products at the U.S. Department of agriculture.
Promotes the purchase and usage of biobased products by the U.S. government.
National Farmers Union has long advocated encouraging the use of ethanol, biodiesel and other renewable energy sources, as key steps in increasing domestic demand for surplus farm commodities, lowering federal outlays of federal farm subsidies, and decreasing our reliance on foreign oil. Sens. Hutchinson (R-TX) and Cornyn (R-TX) voted in support of this legislation.
|Texas Farmers Union, P.O. Box 738, Sweetwater, Tx 79556|