45Z Tax Credit’s future depends on the White House’s upcoming decisions

The Biden Administration released partial guidance around the 45Z Tax Credit, but there are still a lot of unknowns. Biofuel economists with CoBank say the next couple of months will be telling.

“But a lot will be left to the Trump administration, as well as those in Congress who are going to help try to advocate, especially Midwest House and Senate Republicans, will try to make sure that their voices are heard with the Trump administration as they try to take this initial release, this interim guidance, and then craft this into something that can continue to be profitable and helpful for those in the countryside, whether that’s farmers or biofuel producers,” said Jacque Fatka.

During her confirmation hearing, Brooke Rollins faced tough questions about biofuels and her family’s ties to the Texas oil industry. Despite the concerns, Rollins says she is full speed ahead for America’s biofuel industry, and her personal life will not be a factor in her decision-making.

Related Stories
Texas A&M livestock economist Dr. David Anderson joins Tony St. James to discuss the geopolitical tensions and U.S.-Mexico border closure that are leading to sharp swings in the cattle market.
Arizona producers are proving that desert farming and water conservation can coexist through technology, reuse, and efficiency — reinforcing both food security and environmental stewardship.
Farm Bureau Economist Faith Parum discusses key outcomes from the U.S.-China trade agreement and the benefits of expanding trade across Southeast Asia.
U.S. Senator Roger Marshall (R-KS) shares his perspective on the U.S.-China trade developments and their potential impact on American producers, farmers, and ranchers.
Rollins will also tour a small soybean operation in Iowa before her appearance at Lucas Oil Stadium.
Global agriculture is stabilizing after years of price swings, with flat to modestly rising returns expected as productivity offsets slower demand growth.