There is a lot on the line for the future of biofuels as United States farmers are hopeful that demand for biofuels continues to climb with U.S. crops helping to provide the feedstock to help power U.S. trucks and cars. However, one of the issues standing in the way of increased demand for U.S. crops used in biofuels is the import of used cooking oil that is also used in biofuels and eligible for a tax credit.
United States Senator Chuck Grassley (R-IA) says that the benefits of biofuels are clear for both consumers and producers.
Grassley says that United States farmers can provide the feedstock for biofuels, and the import of used cooking oil diminishes the returns for growers.
Grassley says that he is leading an effort, alongside Senator Roger Marshall (R-KS), to verify that used cooking oil imports are legitimate.
Grassley says that cooking oil importers should not be receiving extra benefits for importing a product for biofuels while U.S. grown crops are already available as a feedstock.
Senator Grassley made his comments on Thursday during his weekly ag conference call with farm broadcasters and reporters.
