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Iowa among states to receive USDA funds to offset pandemic losses in sustainable fuel

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Iowa is one of 25 states that will benefit from U.S. Department of Agriculture funding to assist sustainable fuel markets that have been hit hard by the coronavirus pandemic. The USDA has provided $700 million to help more than 100 biofuel producers and 195 facilities. The money is being made available through the Biofuel Producer Program, which was created as part of the Coronavirus Aid, Relief and Economic Security Act. In all, affected producers experienced losses on a combined 3.7 billion gallons because of the pandemic. One example in Iowa is Southwest Renewable Energy LLC in Council Bluffs, which will receive a payment of $3 million to help it recover from a market loss on 14.3 million gallons of ethanol because of the pandemic.

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