Ethanol Industry Losses Could Reach Nearly $9 Billion

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first_imgHome Indiana Agriculture News Ethanol Industry Losses Could Reach Nearly $9 Billion SHARE By NAFB News Service – Jul 16, 2020 SHARE Facebook Twitter The Renewable Fuels Association (RFA) says the industry has lost more than $3.4 billion in revenue stemming from the COVID-19 pandemic.An industry analysis released by the association this week also found that pandemic-related damages in 2020 and 2021 could reach nearly $9 billion.The data is based on the latest projections from the Energy Information Administration and Agriculture Policy Research Institute.Between March and June of 2020, the study by RFA found the cumulative decline in ethanol production and consumption exceeded 1.3 billion gallons, and nearly 500 million fewer bushels of corn were used in ethanol production during the period.Assuming current market conditions do not deteriorate, total pandemic-related revenue losses for the industry could approach $7 billion in 2020 and $1.8 billion in 2021.However, if states adopt additional travel and business restrictions, the losses may be larger and may even surpass the $10 billion estimate from RFA’s initial forward-looking analysis released in April. Ethanol Industry Losses Could Reach Nearly $9 Billion Facebook Twitter Previous articleCharts Indicate Higher Soybean, Wheat PricesNext articleUSDA Meals to You Partnership Delivers Nearly 30 Million Meals NAFB News Servicelast_img read more

Support grows in fight for better consultation

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first_imgSupport grows in fight for better consultationOn 15 Feb 2000 in Personnel Today Comments are closed. Related posts:No related photos. Support for Personnel Today’s campaign with the EFSP to give employers moresay on developing and implementing legislation has been flooding in.Employers, politicians and the TUC are backing our call to give employersmore time to respond to consultation documents and implement laws. The campaignalso wants clear guidance and well drafted documents.Liberal Democrat MP Brian Cotter pledged to raise the issues in the House ofCommons.He said there was often not even enough time to debate the laws properly inParliament. Working Time legislation was rushed through the Commons, he added.”I support the measures in the part-time working directive, but againthe timescale for consulting is too short and it has to be implemented byApril, why isn’t longer being given?” he asked.Conservative employment spokeswoman Angela Browning MP said she wasparticularly concerned about the impact on small businesses. “They shouldhave a longer lead time. The Government has added to the burdens on them.”Support for the campaign has also come from unions. TUC general secretaryJohn Monks said, “Regulations should be clear and concise with propercodes of practice or guidance going out with each piece of legislation.”He added there needs to be consistency in the consultation process and indefinitions such as the meaning of the term “worker”.Steve Gerrard, HR manager at Marine Projects, said the DTI’s argument thatthere is time for “informal” consultation before official documentsare issued, is not good enough because employers do not know in advance whatwill be in the papers.Norwich airport personnel manager David Rankin called for a minimum of threemonths to implement laws.David Procter, operations manager at the Nesco Group, said, “I amappalled by the conflicting advice I am given due to the lack of clearguidance.”By Dominique Hammond Previous Article Next Articlelast_img read more