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USDA Provides $70.8 Million to Restore Sustainable Fuel Markets in Iowa Hit by Pandemic

Name
Cecilia Lynch
City
Des Moines
Release Date
Jun 03, 2022

DES MOINES, Iowa June 3, 2022 – U.S. Department of Agriculture (USDA) Rural Development State Director in Iowa Theresa Greenfield today announced that the Department has provided $70,870,064 to help lower costs and support ten biofuel producers in Iowa who faced unexpected market losses due to the COVID-19 pandemic. The funds are being made available through the Biofuel Producer Program, which was created as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

“Biofuels play such a key role in the state of Iowa for rebuilding the rural economy hit by the pandemic,” said Director Greenfield. “These investments announced today demonstrate the Biden-Harris Administration’s commitment to sustainable fuel markets and support for the maintenance and viability of products such as corn and soybeans that supply biofuel facilities.”

Today’s announcement is part of a larger nationwide announcement made by Agriculture Secretary Tom Vilsack for $700 million to help support biofuel producers in 25 states.

The ten Iowa investments are:

  • In Cass County, Elite Octane LLC is receiving a payment of $6,943,464.
  • In Cerro Gordo County, Golden Grain Energy LLC is receiving a payment of $1,565,752.
  • In Cherokee County, Little Sioux Corn Processors LLC is receiving a payment of $6,099,786.
  • In Chickasaw County, Homeland Energy Solutions LLC is receiving a payment of $10,093,443.
  • In Hardin County, PLCP LP is receiving a payment of $6,567,902.
  • In Ida County, Quad County Corn Processors is receiving a payment of $3,991,563.
  • In Mitchell County, Absolute Energy LLC is receiving a payment of $23,888,870.
  • In Pottawattamie County, Southwest Renewable Energy LLC is receiving a payment of $3,069,091.
  • In Sioux County, Siouxland Energy Cooperative is receiving a payment of $4,438,995.
  • In Wright County, Corn LP is receiving a payment of $4,211,193.

Two other biofuel producers that serve Iowa are receiving payments totaling $29,720,181. Big River Resources LLC and Husker Ag LLC will use the payments throughout their biofuel production facilities in Iowa, Illinois, Nebraska, and Wisconsin.

Contact USDA Rural Development

USDA Rural Development has 11 offices across the state to serve the 1.7 million Iowans living in rural communities and areas. Office locations include a state office in Des Moines, along with area offices in Albia, Atlantic, Humboldt, Indianola, Iowa Falls, Le Mars, Mount Pleasant, Storm Lake, Tipton, and Waverly.

To learn more about investment resources for rural areas in Iowa, call (515) 284-4663 or visit www.rd.usda.gov/ia. If you’d like to subscribe to USDA Rural Development updates, visit our GovDelivery subscriber page.

Under the leadership of the Biden-Harris Administration, Rural Development provides loans and grants to help expand economic opportunities, create jobs, and improve the quality of life for millions of Americans in rural areas. This assistance supports infrastructure improvements; business development; housing; community facilities such as schools, public safety, and health care; and high-speed internet access in rural, tribal, and high-poverty areas.

USDA touches the lives of all Americans each day in so many positive ways. Under the Biden-Harris Administration, USDA is transforming America’s food system with a greater focus on more resilient local and regional food production, fairer markets for all producers, ensuring access to safe, healthy and nutritious food in all communities, building new markets and streams of income for farmers and producers using climate-smart food and forestry practices, making historic investments in infrastructure and clean energy capabilities in rural America, and committing to equity across the Department by removing systemic barriers and building a workforce more representative of America. To learn more, visit www.usda.gov.

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