Branstad, Grassley, say no Backroom Ethanol Deal in The Works

Taylor HillmanIndustry News Release

Ethanol Deal
Iowa Governor Terry Branstad says there is no backroom deal to make changes to the Renewable Fuel Standard. Branstad, the U.S. Ambassador to China nominee, said he is aware of reports of a deal, but has been assured by the White House the rumors “are not true,” according to the Des Moines Register.

A report of a deal to change the burden of blending ethanol last week sent the renewable fuels industry off balance. Trump Advisor Carl Icahn has requested the change, but apparently, no deal is the works at this time. Iowa Senator Chuck Grassley echoed Branstad’s comments on Tuesday, saying the White House has also assured him there is no agreement to change the RFS. However, earlier in the week, the White House did confirm it was reviewing the proposal, but has no position on the issue.

From the National Association of Farm Broadcasters.