Ag industry can benefit by bringing more certainty to tax policy and credits, said RFA’s Geoff Cooper

Renewable fuel groups are bending the ear of lawmakers, urging them to take action on IRA tax credits that expired at the end of last year.

The RFA’s Geoff Cooper says it could be a while before the industry gets solid answers around 45Z.

”...That’s why, in the meantime, RFA believes Congress should strongly consider reinstating the suite of biofuel tax incentives that expired in December, including the second generation biofuel producer tax credit.”

Cooper says he is optimistic for the year ahead, adding the ethanol industry added $50 billion to the GDP last year, with more than $25 billion in income.

Related Stories
“Dirt Diaries” is where the women of agriculture get real. From fields to boardrooms, this podcast uncovers stories you won’t hear anywhere else.
Varying Results Across The State And Even The Same Field
“Beef can be a very important foundational food in helping families build balanced meals and get the nutrition that they need.”

LATEST STORIES BY THIS AUTHOR:

Check out some of the livestream highlights from Elimination Match 2 of the B&W Trailer Hitches Challenge Cup Presented by 5-hour ENERGY®, the first of four events in the second year of the Fishing Clash Team Series.
Bass Pro anglers Ron Nelson and Martin Villa of Team O’Reilly Auto Parts secured the win in Elimination Match 2 of the B&W Trailer Hitches Challenge Cup, thanks to a dominant final frame on the lower St. Clair River.
Check out some of the livestream highlights from Challenge Elimination Round 1 on St. Claire Lake in Port Huron, Michigan. This is the first of four Cups in the Fishing Clash Team Series, which you can catch LIVE only on RFD-TV.