Agribusiness Update for Wednesday 4/3/13

Agribusiness Update for Wednesday 4/3/13

This is the Agribusiness Update...I’m Greg Martin...

EPA is again proposing to reduce sulfur in gasoline and tighten auto emissions starting in 2017. EPA last reduced sulfur content in fuel seven-years ago by 90-percent in conventional gasoline - 97-percent in ultra-low sulfur diesel - with 25 to 50-million a year in higher farm costs. EPA puts the cost at less than a penny a gallon - while the oil industry says it will raise gas prices by six-to-nine-cents.

The National Farmers Union is supporting the proposed rule to strengthen the Country-of-Origin Labeling regulations saying consumers continue to demand more information about their food - so it’s critical for strong regulatory changes to be made to the COOL regulation to promote U.S. products to consumers.

And with ethanol debates heating up again the National Corn Growers Association is comparing the environmental impacts from ethanol and petroleum as transportation fuels. A recent study shows various ways to produce ethanol with 50-percent or less emissions compared to gasoline production.

That’s today’s Agribusiness Update from the Ag Information Network. 

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