USDA has released the interim rule for climate-smart crops used as biofuel feedstocks.
While the guidance is welcome news for the industry, many are still waiting on additional clarity on the 45Z tax credit.
Roger McEowen with Washburn School of Law spoke with RFD-TV’s own Tammi Arender on the rule’s main highlights, the information that is still needed, and policy shifts as a new administration takes office.
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Sen. Deb Fischer, of Nebraska, mentioned that Congress pushing through year-round E15 sales will do more to help commodity growers than more farm aid, which is currently a reality.
Sen. Moran joins us to discuss the farm aid package and the financial reality faced by row crop farmers in his home state of Kansas.
Grain farms still have strong balance sheets, but another stretch of low profits will force hard cost cuts, especially on high-rent, highly leveraged operations.
The new rule removes prevented-plant buy-up coverage, prompting strong objections from farm groups concerned about added risk exposure.