IARN — The biofuels industry had a rough year in 2020. We realize it was a big club. However, when you look at the decrease in traveling because of the Coronavirus pandemic, it is easy to see why the industry is hurting. However, it has been very tough to get assistance to the industry as any part of agriculture stimulus. Iowa Senator Chuck Grassley talked about the possibilities available for assistance in the latest round of stimulus.
Senator Grassley said that legislation pushed by himself and Iowa Senator Joni Ernst allows for the USDA to use some of the stimulus monies received to help the ethanol industry but repeats that United States Department of Agriculture (USDA) Secretary Sonny Perdue has been arguing that he does not have the authority to offer such assistance to biofuels.
For more on this story, including audio with Senator Grassley, visit the Iowa Agribusiness Radio Network
