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
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