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.
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Ethanol and corn groups are not hiding their disappointment over new reports that the bill to allow year-round E15 sales failed as Congress forges ahead on government funding, with another shutdown looming.
While row crops are expected to see softer impacts, analysts say severe weather of this magnitude will not be as kind to cattle producers.
Dairy farmer and Discover Ag co-host Tara Vander Dussen joined us to discuss the Whole Milk for Healthy Kids Act, her experience at the signing, and what’s next for her family and farm.
The Farm Bureau is making an urgent call to Congress for more farm support. Colton Lacina with Farmers National Company joined us to discuss farmland values and how market dynamics for the year ahead reflect stabilization rather than collapse.
