Monday November 24, 2014
Farm Assets Conference
When to Arrive
Doors open at 10:15am. Program starts at 11:00am. Lunch is at 11:50am.
Marriott Hotel & Conference Center
201 Broadway Street
Park in the deck to the south of the building. There is a connecting bridge to the hotel. Our conference is on the first floor. We’ll give you further directions about exiting the deck during the conference. Parking will be free.
U.S. EPA Delays 2014 RFS Rulemaking
Scott Irwin, University of Illinois Ag Economist specializing in the Renewable Fuels Standard, discusses the U.S. EPA announcement to delay an RFS decision until 2015.
U.S. EPA’s Janet McCabe - she’s an Acting Assistant Administrator - today signed a document and submitted it for publication in the Federal Register… that’s the document of record in Washington, D.C. The document says U.S. EPA will not finalize rule making for the 2014 RFS before the end of the calendar year. The agency was supposed to wrap that up at the beginning of the calendar year, but became mired in policy and technical issues related to changes proposed about a year ago.
It now says the 2014 rules will be made before or in conjunction with the 2015 announcement.
Logistically there are some log jams that will need to be dealt with related to RINs certificates from 2012. Those expire after two years. EPA says it will extend the expiration, but that the certificates will be in limbo until a new way to move them can be developed.
So, again the big news in at the ag world today is related to ethanol. U.S. EPA has decided it will not make an RFS announcement for compliance and usage numbers until sometime in 2015.
Murray Wise is the CEO of Murray Wise Associates. He discusses three Illinois farm land sales with Todd Gleason in this report recorded Thursday November 20, 2014.