WASHINGTON, D.C. (RFD NEWS) — The U.S. Treasury Department is expected to publish updated guidance on the 45Z tax credit on Wednesday. The revised guidance prioritizes North American feedstocks and limits eligibility for imported waste oils such as cooking oil and tallow. It also removes the indirect land use penalty, which the American Soybean Association has previously identified as a significant barrier.
Senator Roger Marshall (R-KS) joined us on Wednesday’s Market Day Report to share his perspective on the new guidance and highlight the potential benefits of the tax credit — not only for farmers and biofuel producers, but also for rural communities.
In his interview with RFD NEWS, Sen. Marshall discussed the details of the revisions and how they reflect priorities he has supported for U.S. agriculture. He also addressed how long the industry has waited for updated guidance, discussed the certainty the changes could bring to producers, and outlined what comes next in the process as the guidance is finalized.
Finally, Marshall shared a message for Kansas cattle producers as NCBA’s CattleCon gets underway in Nashville.
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Falling commodity prices and rising costs continue to squeeze farm margins. Kip Jacobs with The Mosaic Company addresses fertilizer market pressures, nutrient use efficiency, and strategies growers can consider to protect their fertilizer investment this season.
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Jennifer Tirey of the Illinois Pork Producers Association joined us to discuss efforts to bring pork back into Chicago Public Schools, the nutritional benefits for students, and what the decision could mean for pork producers across the state.
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Farmer and retired colonial Joe Ricker joined us to highlight Ag Safety Awareness Program Week, share his work supporting veterans and farmers, and offer guidance on making safety a year-round priority on the farm.
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