The economic uncertainty of today’s ag economy has left biodiesel producers in Iowa struggling.
Biodiesel plants across the state, which were once busy. are now sitting idle.
Plant workers say that several plants were even forced to shut down after the expiration of the biodiesel tax incentive 40A and delayed guidance on the 45Z Clean Fuel Production Credit
The Executive Director of the Iowa Biodiesel Board says that it has been frustrating to watch and says that people behind the facilities are feeling the strain. He says that the federal government needs to put policies in place that support biodiesel production and do not leave producer in limbo.
Related Stories
Rather than making “cuts” to SNAP, as has been claimed, the One Big Beautiful Bill merely modifies the program’s funding structure.
Tariffs are pushing up input costs, with fertilizer prices rising $100 per ton and machinery costs climbing due to steel and parts duties.
Year-round sales of E-15 are another major topic on Capitol Hill, which, according to Rep. Adrian Smith (R-NE), is one issue up for debate this session with significant bipartisan support.
Lawmakers have until September 30 to shore up federal spending for next year, or risk a government shutdown. The Farm Bill is also set to expire the same day.
American Soybean Association President Caleb Ragland joins us to share his reaction to September’s WASDE and discuss the trade uncertainty between China and his industry.