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 Agriculture Commissioner Sid Miller joins us with an update on the most recent case of New World screwworm 90 miles from the U.S. Southern border.
Study looks at how triazine chemistry impacts effectiveness against resistant weeds
With fewer young people entering agriculture and farmers nearing retirement, industry leaders warn of challenges ahead while working to keep farming profitable and sustainable.
A late-season freeze in northeast Louisiana has forced farmers to replant thousands of corn acres, adding costs, straining seed supplies, and raising concerns about shifting to soybeans.
March 15 of each year is the application deadline for the Pima Cotton Trust, and March 1 of each year is the application deadline for the Wool Trust. The law mandates trust payments by April 15. More information about these programs is available at www.fas.usda.gov/programs.
Superior Livestock Auctions markets more than 1.7 million head of cattle nationwide while also building long-term relationships between both cattle raisers and beef producers.

LATEST STORIES BY THIS AUTHOR:

Widespread drought and extreme weather leave producers managing limited resources
Jose de Jesus explains the National Pork Board’s new campaign, “Taste What Pork Can Do,” which aims to build long-term engagement with Millennial and Gen-Z consumers.
Farm legal expert Roger McEowen highlights the legal challenges surrounding stray voltage, a recent court decision, and what it means for agricultural producers.
U.S. Agriculture Secretary Brooke Rollins shared a behind-the-scenes look at the journey as part of what’s being called the “Great American Egg Road Trip.”