David Weaver farms in Greene County and was the 2018 Democratic candidate in Iowa House district 47. He wrote this commentary after October 1, when Reuters reported that the Environmental Protection Agency had halted work on biofuels policy adjustment, and before October 4, when the Trump administration announced an agreement on the Renewable Fuel Standard. Republicans hailed the plan, while Democrats described it as vague and inadequate. -promoted by Laura Belin
Well, you have to wonder when a farmer from Rippey decides that it is time to challenge the statistical findings of an economist (and a well known and very well-respected economist like Dave Swenson), but here is my mighty swing at explaining why the ethanol industry’s problems are a demand-driven crisis, not a supply-driven crisis as Mr. Swenson contends.
My initial premise is that the sky is NOT falling. Rather, the ceiling has been lowering itself at a steady rate since Donald Trump took office and installed his EPA leadership. The demise of three Iowa ethanol plants during the past month are merely the first indications of the straw that broke the camel’s back.