(RFA) - America's farmers are poised to harvest a record corn crop this fall and achieve the highest yield per acre in U.S. history, according to U.S. Department of Agriculture (USDA) estimates released today. Meanwhile, the U.S. ethanol industry is on pace to produce a record amount of clean-burning renewable fuel, according to Department of Energy (DOE) projections released Tuesday. The Renewable Fuels Association (RFA) said the government reports highlight the importance of getting the Renewable Fuel Standard (RFS) back on its statutory track in 2017.
As harvest ramps up in fields across the country, corn demand from the ethanol sector is ramping up as well. DOE projects 2016 ethanol production will average 980,000 barrels per day - or 15.1 billion gallons. The agency also is projecting record ethanol consumption of 14.3 billion gallons.