Feds Won't Waive Ethanol Requirement

Livestock farmers and ranchers seeing their feed costs soar because of the worst drought in decades are demanding The U.S. EPA waive production requirements for corn-based ethanol. The agency sees no need for a waiver, siding with corn growers in the presidential battleground states of Ohio and Iowa who continue to support the requirement. The livestock industry says supplies are precarious, and the large share of the corn crop going to ethanol production is driving up prices. The Renewable Fuel Standard requires the production of 13.2 billion gallons of corn starch-derived biofuel this year.