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Buckeye Farm News
Renewable Fuel Standard increased for 2009
The energy bill of 2007 has targeted renewable fuel volume to reach 36 billion gallons by 2022. Recently, it was announced the 2009 renewable fuel standard (RFS) will be increased to 10.21 percent to ensure that at least 11.1 billion gallons of renewable fuels be blended into the United States’ transportation gasoline. The 2008 standard was 7.76 percent, equating to roughly 9 billion gallons.
Forecasted exports decrease while imports slow
The combination of weaker global demand, falling prices and an appreciating dollar has created an unfavorable outlook for U.S. exports. Fiscal 2009 U.S. agricultural exports are forecast at $98.5 billion, which is $17 billion below record 2008 sales, according to USDA’s Economic Research Service. Despite the stronger dollar and some relief from high oil prices, a slumping economy with rising unemployment and falling consumer spending is slowing import growth. While fiscal 2009 agricultural imports are forecast to be a record $81 billion, this represents the slowest growth rate in many years.
Vilsack to be new agriculture secretary
President-elect Barack Obama named former Iowa Gov. Tom Vilsack to serve as his secretary of agriculture. If confirmed by the Senate, Vilsack will be the fifth secretary of agriculture from Iowa. AFBF President Bob Stallman said Vilsack is a strong proponent of furthering the use of renewable fuels such as ethanol, biodiesel and wind, as well as an advocate for biotechnology.
Farm Bureau grows across nation
Farm Bureau’s national membership rose to 6,243,286 member families in 2008, marking 48 consecutive years of membership growth.
OFBF on Equine Task Force
OFBF will serve on the Ohio Department of Agriculture’s newly-formed Equine Industry Advisory Task Force. The task force will discuss strategies for promoting and strengthening Ohio’s equine industry.