Ag Secretary Sony Perdue received it in SD at a Poet Ethanol plant! The alternative that addresses Farm Policy, Ethanol and Chinese Tariffs the right way!
I want your Farmers/Listeners/readers to understand as corn and soybean prices continue to struggle because of Chinese Tariffs and a big crop. There is a NO COST one year proven Farm Policy Option for our Farmers to use, called the Roebke (REB-KEY) Plan! That Congress can simply attach to the 2018 Farm Bill or President Trump can administer as a executive order to support farm prices.
The Roebke option moves all nationwide E-10 gasoline pumps to E-11 immediately! Which consumes an additional 500 million bushel of 2018 crop corn and lowers gasoline prices by 1 cent/gallon. It also raises USDA 9 month commodity inventory loan collateral amounts by 1.55% for the 2018 crop. Which hasn’t been adjusted in over two decades by Congress! Giving farmers cash flow this fall and time for sound marketing management without more subsidies!
So USDA corn loans move to $3.03/bu., Wheat to $4.55/bu. and Soybeans to $7.75/bu. for all USA Farmers! This also allows Farmers the right to extend the above loan option for a additional 9 months on up to 25% of their historical crop production as a crop marketing reserve!!!! It’s no cost to taxpayers, for these loans are recourse loans and have a 1% higher annual interest rate than present USDA loans, that are really only used by Sugar and Peanuts today! So it’s out there Farmers and taxpayers, as elected officials, Universities and Farm Groups do nothing! ……..Thanks Alan Roebke Alexandria MN