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
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.
Producers using farm entities should review ownership, labor contributions, and FSA paperwork before September 15.
United Soybean Board Director and Missouri farmer Kyle Durham joins us to discuss farmer sentiment, alternative revenue programs, conservation incentives, domestic demand trends, and conditions on his farm this spring.
Research shows a small number of companies account for much of the nation’s ammonia production capacity.
Farmers should watch for settlement notices and gather dealer repair invoices, proof of payment, and equipment identification records.
Kevin Charleston with Specialty Risk Insurance joins us to discuss evolving insurance needs in the dairy sector and strategies to support dairy producers during National Dairy Month.