Representatives from the livestock and poultry industries have joined forces to commend US Representatives Bob Goodlatte and Jim Costa for introducing the Renewable Fuels Standard (RFS) Flexibility Act.
The legislation calls for a twice annual review of the corn stocks-to-use ratio. If the ratio falls below a threshold of 10%, the RFS could be reduced. The groups said the legislation will provide relief in times of tight corn supplies while also ensuring there is enough corn to meet the demand from all end-users.
The National Cattlemen’s Beef Association (NCBA), the National Chicken Council (NCC), the National Pork Producers Council (NPPC) and the National Turkey Federation (NTF) participated in a press conference hosted by Reps. Goodlatte and Costa to introduce the legislation. The groups raised concerns about the impact tight feed supplies and high feed prices, partially because of the RFS, have had on livestock and poultry producers.