VERSAILLES, Ky. (WTVQ) – The USDA announced an investment that the Trump administration is providing for rural businesses.
The investment is over $4.2 million, it will help increase American ethanol and biofuel sales in Kentucky.
The grant is helping increase demand for corn and soybeans.
Biofuels reduce air pollution and give consumers a less expensive option at the pump.
Ray Allan Mackey is not only the chairman for the Kentucky Corn Promotion Council but he’s also a farm owner.
“We see the improved availability of mid-level blends of ethanol is important for three main reasons. It has a proven ability to clean our air and improve our health. Number two, it gives consumers more choices at the pump. Finally, it revitalizes adds value and improves the rural economy,” Mackey says.
He says ethanol reduces greenhouse gas emissions by 39 to 43 percent when compared to conventional gasoline.
Mackey says the more fuel options in the marketplace, the better the price will be for consumers and he says ethanol not only increases farm gate prices, which helps keep farms in business, its production helps create jobs.
in 2019, the U.S. ethanol industry helped support nearly 349,000 jobs.