In a panel discussion on the Renewable Fuel Standard and E-15, National Corn Growers Association President Kevin Ross said corn farmers will feel the impact of the COVID-19 pandemic for a long time. “The trickle down effect from the transportation sector being slowed means that we have backed up corn demand. The projected corn carryouts are above 3 billion with large acreage planted this year, but we’ll see where this goes once we get final numbers. The drop in ethanol demand has pushed out the carryout.” Ross said there is a projected loss of $89 per acre for corn farmers in 2020, the lowest crop revenues since 2006. “We need the ethanol industry back up on its feet so it can consume the corn quicker.”
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