The South Dakota Corn Growers Association (SDCGA) praises Senator John Thune for taking another step to protect the nation’s corn and ethanol industries by initiating action to maintain a tariff on imported ethanol. Sen.
Thune today introduced legislation to extend the U.S. tariff on imported ethanol two years beyond its expiration deadline of Dec. 31, 2008. This proactive measure will allow the domestic ethanol industry the competitive advantage it needs to be the primary provider of the nation’s energy needs.
As the nation works together to become more energy independent, allowing the tariff on foreign ethanol to expire would lead to more unregulated imports of foreign ethanol, making it more difficult for the biofuels industry to reach the 35 billion gallon goal by 2017.
“The nation’s corn farmers have stepped up to the task of producing enough corn to supply the ethanol demand in addition to food and livestock sectors,” said Reid Jensen, president of the SDCGA. “By protecting our growing ethanol industry from even more foreign fuel competition will further bolster America’s farmers to continue their efforts in answering the call for energy independence. The SDCGA thanks Sen. Thune for his dedication to protecting markets for the nation’s corn farmers and urges the Senate to pass the two-year extension.”