Last week, the American Soybean Association (ASA) voiced strong opposition to a cap on the price of Renewable Identification Numbers (RINS), an action that would significantly undermine the integrity of the Renewable Fuel Standard (RFS).

Biodiesel is a significant market for domestic soybean oil and analysis from the National Biodiesel Board (NBB) and the World Agricultural Economic and Environmental Services (WAEES) shows that if caps are placed on RINs, up to 300 million gallons in biomass-based diesel volumes would be lost each year as these volumes would no longer be utilized for compliance with the RFS conventional biofuels requirements.

Take Action:

ASA is partnering with NBB to take action and remind the president that RFS is working and capping RIN prices will undercut the RFS. You can take action through NBB’s system here: http://p2a.co/45hHksf.

Additionally, we encourage you to Tweet at the President to gain attention over the weekend. Sample tweets below.

1. @RealDonaldTrump soybean farmers need you to keep your campaign promise and protect the #RFS by opposing RIN caps!
2. RIN caps = #biodiesel demand destruction @ReadDonaldTrump protect the #RFS and oppose RIN caps.
3. #Rural economies depend on demand for #soybean oil, and RIN caps will destroy biodiesel demand. @RealDonaldTrump, support rural America, oppose RIN caps.

Please reach out to Tom Hance (thance@soy.org) in ASA’s Washington office if you have any questions.