Farm CPA breaks down new USDA rules surrounding climate-smart crops as biofuel

USDA has released an interim rule for climate-smart crops used as biofuel feedstocks. It comes following newly released guidance from the IRS on the 45Z tax credit, which left many producers calling for clarity.

Farm CPA Paul Neiffer spoke with RFD-TV’s own Tammi Arender on the 45Z credit details, any missing guidance, and how much producers can expect to get.

Related Stories
The annual event brought together ranchers, industry leaders and natural resource professionals
Ag & Business Legal Strategies’ Joe Peiffer discusses Chapter 12 bankruptcy trends in agriculture and rising risks as farm income declines.
The rule allows some H-2A positions to use federal labor wage calculations instead of the Adverse Effect Wage Rate.
Prevented planting coverage pays farmers when adverse weather keeps insured crops from being planted.
A written Plan B can help producers protect repayment capacity before cash shortages become urgent.
Laura Priest with the Center for Rural Affairs joins us to discuss solar development trends and opportunities for agriculture and renewable energy production to coexist.