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NEWS Farm Service Agency Public Affairs Staff 1400 Independence Ave SW Stop 0506, Room 3624-South Washington, D.C. 20250-0506 Release No. 1431.01 Dann Stuart (202) 690-0474 dan_stuart@wdc.fsa.usda.gov USDA ANNOUNCES BIOENERGY PROGRAM SIGNUP RESULTS WASHINGTON, February 1, 2001- The Department of Agriculture's Commodity Credit Corporation's Acting Executive Vice President, James R. Little, today announced final results for the fiscal year 2001 Bioenergy Program signup. Under the program, CCC will make payments to bioenergy companies to offset part of their cost of buying commodities to expand production. A total of 54 agreements representing 79 plants in 19 States were accepted by CCC for participation in the program. The aggregate increase in production under these agreements, which were submitted by 42 ethanol and 12 biodiesel producers, is projected to be 246.2 million gallons of ethanol and 36.5 million gallons of biodiesel during the 10 months (December 2000 through September 2001) payments will cover. Eligible commodities included in the signup were barley, corn, sorghum, and wheat for ethanol and soybeans for biodiesel. Payments under the program are expected to be within the $150 million budgeted for the fiscal year; therefore, FY 2001's payment factor is 100 percent. The following table gives a breakdown by State of approved agreement holders: Number Increased Thousand Gallons State Fuel of Plants Eligible for Payment Florida Biodiesel 1 5,200 Idaho Ethanol 2 1,000 Illinois Biodiesel 2 4,053 Ethanol 6 49,465 Indiana Biodiesel 1 4,000 Ethanol 2 4,320 Iowa Biodiesel 2 8,400 Ethanol 5 14,916 Kansas Ethanol 8 6,329 Kentucky Biodiesel 1 1,400 Louisiana Ethanol 1 15 Minnesota Biodiesel 1 10,000 Ethanol 13 58,481 Missouri Ethanol 2 19,194 Nebraska Biodiesel 1 200 Ethanol 11 32,546 Nevada Biodiesel 1 1,400 New Mexico Ethanol 3 1,622 North Carolina Biodiesel 1 1,400 North Dakota Ethanol 4 20,544 South Dakota Ethanol 3 9,332 Tennessee Biodiesel 1 400 Ethanol 2 21,750 Utah Ethanol 1 1,000 Wisconsin Ethanol 4 5,665 # NOTE: Farm Service Agency (FSA) news releases and media advisories are available on the World Wide Web at FSA's Home Page: http://www.fsa.usda.gov |