While the ag community works to factor in the revised net farm income numbers, there is still a lot of concern around the 45Z tax credit, but there is also a lot of confusion, too.
Reuters reports the Biden Administration will not finalize the anticipated guidelines before leaving office, but other outlets, like Bloomberg, have conflicting information. Analysts with DTN say they spoke to officials at the Treasury Department and they say there will be guidance before the new Administration takes over.
Senator Chuck Grassley weighed in on the matter pn X, saying, “Delaying the 45Z guidance will be disruptive to the biofuels industry. The Biden administration’s climate agenda has prioritized pet projects for coastal elites and left middle America behind at every turn. That ends when Republicans take power next year.”
Canadian industry leaders argue the tax policies cited by U.S. officials are similar to exemptions already used by American growers.
Jeramy Stephens with National Land Realty joined us to share guidance on preventing land fraud, identifying scams, and protecting farm and rural property owners.
Low snowpack and rapid melt are heightening irrigation concerns across the West as farmers face falling reservoir levels and strained water supplies.
Brooke Rollins meets with Pennsylvania farmers as pressure mounts on the Senate to advance the Farm Bill and additional aid for producers.
Despite tighter supplies, U.S. wheat exports continue trending higher as international buyers seek consistent quality and reliable service.
Higher placements lifted feedlot inventories, but slower marketings point to continued tightness in finished cattle movement.
