The math puts the impact of the proposed rule change on Daviess County at $4.5 million and counting. "That's less money farmers have to spend," explained Sprinkle. "Retailers and farm implement dealers will feel that impact."
The rule changes may not be 100 percent of the reason for the lower corn prices. This year the nation has a large corn crop and the markets are expecting some carry-over corn to next year and there is additional expectation that farmers could have a big crop next year. The combination means some things need to change to bring the price back up. "This will last until we have another short crop like we did last year when we had a drought," said Sprinkle.
Villwock has an additional suggestion. "All of this recent economic success is now in jeopardy," he said. "We do have a chance to stop this proposed reduction (in the renewable fuels standard), but it will take all of us."
Villwock says farmers need to write to the EPA and explain what the improved crop prices have meant to their families, farms and communities.
"We really do need to get to the federal decision makers and members of congress to get this stopped," said Sprinkle. "We are really fortunate around here. We have end users like GPC, Perdue and now Farbest in our area, but if there is any reduction on the markets that will lower the price."
"We were personally blessed with a really good crop this year but the prices now are one half of what we saw the year before when we had the drought," he added. "With increase in the cost of putting in a crop, farmers will be working their pencils this winter to see if corn will continue to be the crop they want to plant this spring."