Beef Buzz News
JD Alexander of NCBA Calls RFS Waiver Denial Bad for Cattle Producers and for Consumers
Mon, 19 Nov 2012 08:02:17 CST
Ron Hays Beef Buzzes with JD Alexander of the NCBA.
The National Cattlemen’s Beef Association (NCBA) expressed disappointment last Friday after the announcement that the Environmental Protection Agency (EPA) denied a request to waive the Renewable Fuels Standard (RFS) mandate for the production of corn ethanol.
“In light of the most widespread drought to face the country in more than 50 years, the refusal to grant this waiver is a blatant example of the flawed policy of the RFS,” said NCBA President J.D. Alexander, a cattle feeder from Pilger, Neb. “The artificial support for corn ethanol provided for by the RFS is only making the situation worse for cattlemen and women by driving up feed costs.”
We have additional audio comments with JD Alexander about the waiver denial from his viewpoint as a cattle feeder- and they are featured in our Monday Beef Buzz. Click on the Listen Bar below to hear today's Beef Buzz with Alexander.
In comments submitted by NCBA to EPA in October, NCBA stated that the cattle industry, along with other livestock groups has suffered a significant economic impact due to the RFS mandate and the drought. From December 2007 to August 2012, the cattle feeding sector of the beef industry lost a record $4 billion in equity due to high feed costs and economic factors that have negatively affected beef demand. According to U.S. Department of Agriculture (USDA) reports, corn prices have increased about 60 percent since June 15, 2012, and the near futures price is hovering around $8 per bushel. In a report by USDA’s Economic Research Service (ERS), 2011 feed costs for livestock, poultry and dairy reached a record high of $54.6 billion – an increase of more than $9 billion over 2010 costs. These costs are borne by cattlemen and women nationwide, according to Alexander. Further, the ending carry-over stocks for 2012-13 are now forecast at 647 million bushels, less than five percent of expected corn usage, and the lowest amount ever, according to USDA reports. This is a 35 percent decrease from last year’s carry-over amount. If realized this would means there would be very limited corn reserves for next year should the country experience another poor crop.
The effects of the refusal to waive the RFS will be felt throughout the economy with predictions of 500,000 head beef cow and 50,000 dairy cow liquidation in the U.S. alone in 2012. These losses are driven by drought and high input costs.
“Our message to EPA and Administrator Jackson is how bad does it have to get for livestock producers before relief is brought to rural America? Cattlemen and women are only asking for a level playing field,” Alexander said. “With EPA’s refusal to grant a waiver when faced with these conditions, it is clear the RFS is not working as Congress intended.”
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the LISTEN BAR below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
right-click to download mp3
WebReadyTM Powered by WireReady® NSI
Oklahoma National Stockyard's First Female General Manager Kelli Payne Showcases Market's Historical Significance Tue, 25 Jun 2019 10:53:50 CDT
Secure Food Supply Plans Allow Farmers and Ranchers to Take Biosecurity into Their Own Hands Mon, 24 Jun 2019 12:22:48 CDT
RMA's Haying and Grazing Date Adjustment Good News for Cattle Producers Badly in Need of Forages Fri, 21 Jun 2019 11:40:04 CDT
NCBA's Scott Yager Touts Livestock Producers' Regulatory Relief from Superfund Law Under FARM Act Thu, 20 Jun 2019 11:07:36 CDT
Market Watcher Derrell Peel Shares His Advice on How to Build Your Strategy Around Market's Mounting Volatility Wed, 19 Jun 2019 10:05:52 CDT
Prospect of Higher Feed Costs Generating Both Challenges and Opportunities for Cattle Producers Tue, 18 Jun 2019 11:01:21 CDT
Beef Industry Experts Don Close and Kent Bacus Explain Why Mandatory Labelling Isn't So "COOL" After All Mon, 17 Jun 2019 11:36:49 CDT
Rabo Agrifinance’s Don Close Shares His Top Four “Unknown Unknowns” of the Beef Industry in 2019 Fri, 14 Jun 2019 09:29:13 CDT
Despite Minor Declines, US Beef Export Business Continues to Perform Well as Fringe Markets Grow Thu, 13 Jun 2019 13:19:37 CDT
Cattle Market Under Pressure as Corn Plantings Continue to Struggle, Adding to Price Weakness Wed, 12 Jun 2019 11:07:37 CDT
Government Cracks Down on Sue and Settle Tactics Employed by Environmental Activist Groups Tue, 11 Jun 2019 10:28:55 CDT
Industry Has Its Work Cut Out for Itself as Wildlife Service Weighs Listing the Lesser Prairie Chicken Mon, 10 Jun 2019 11:19:40 CDT
NCBA's Colin Woodall Calls Out Misconceptions About Fake Meat's Claims of 'Zero-Sum' Production Fri, 07 Jun 2019 10:49:24 CDT
Donnell Brown Proclaims Efficiency the Next Great Frontier, Genomic Enhancement will Get Us There Thu, 06 Jun 2019 09:53:06 CDT
Generational Transfer Happens Whether We're Prepared for it or Not - So Why Not Plan Ahead Now Wed, 05 Jun 2019 09:42:15 CDT
Food Industry Leader John Patrick Lopez Says Sharing Agriculture's Story is Everyone's Responsibility Tue, 04 Jun 2019 10:15:01 CDT
OKC-Based Processor Behind McDonald's Non-Frozen Beef Menu Brings Chain Some Fresh Sizzle Mon, 03 Jun 2019 11:57:26 CDT
China's African Swine Fever Problem Largely Seen as a Positive for US Ag- But What's the Downside Fri, 31 May 2019 10:20:36 CDT
Angus Dollar Value Index Upgraded to Meet Today's Economic Conditions, Dan Moser Explains Thu, 30 May 2019 10:59:45 CDT
Greenhouse Gas Guru, Mitloehner, Says Cow-Fart Protestors Spread More Manure than Beef Industry Wed, 29 May 2019 09:40:47 CDT
USDA Reports Highest May 1 Inventory of Cattle on Feed Since '96 - Derrell Peel Shares His Analysis Tue, 28 May 2019 10:21:29 CDT
Scott Yager Says Beef Industry Pushing Back on Green New Deal Plan to Eliminate Cattle Production Fri, 24 May 2019 10:38:05 CDT
Eco-Activists Muddy the Waters Again with New Supreme Court Filing as WOTUS Debate Wraps Up Thu, 23 May 2019 09:59:08 CDT
Rancher Debbie Lyons-Blythe Defends Beef Industry's Proactive Efforts in Fighting Climate Change Wed, 22 May 2019 11:18:13 CDT
OSU's Market Watcher Derrell Peel Optimistic Stability will Return to Cattle Markets this Summer Tue, 21 May 2019 11:34:29 CDT
Japan Lifts 30-Month Rule on US Beef Imports, Creates Room for Potential $200M in Additional Value Mon, 20 May 2019 11:59:19 CDT
NCBA's Colin Woodall Encourages Producers to Hang Tough as US-China Trade Talks Flare Up Fri, 17 May 2019 12:08:49 CDT
US Meat Exports Fail to Meet Expectations During First Quarter of 2019, Will this Trend Continue? Thu, 16 May 2019 11:31:30 CDT
Time to Turn Heat Up on Trade Talks with Japan, Bacus Says It's Been on the Backburner Too Long Wed, 15 May 2019 09:50:39 CDT
US-China Tensions Flare as Trade Talks Near End, NCBA's Kent Bacus on Trump's Hardball Strategy Tue, 14 May 2019 10:36:10 CDT
Beef Industry Leaders Form International Coalition to Advocate for USMCA's Speedy Ratification Mon, 13 May 2019 10:45:22 CDT
Donnell Brown Proclaims Efficiency the Next Great Frontier, Genomic Enhancement will Get Us There Fri, 10 May 2019 05:37:48 CDT
Slow Corn Planting Caused by Recent Rains Dampen Spirits in Cattle Industry, Derrell Peel Explains Thu, 09 May 2019 10:42:38 CDT
Generational Transfer Happens Whether We're Prepared for it or Not - So Why Not Plan Ahead Now Wed, 08 May 2019 10:08:19 CDT
Food Industry Leader John Patrick Lopez Says Sharing Agriculture's Story is Everyone's Responsibility Tue, 07 May 2019 10:55:34 CDT