Legislation is being reintroduced to restrict 45Z tax credit eligibility to renewable fuels made only from domestic feedstocks. It also aims to extend the credit to ten years, allowing time to build needed infrastructure.
It is being led by Senator Roger Marshall of Kansas.
Sen. Marshall spoke with RFD-TV’s Suzanne Alexander about what the Farmer First Fuel Incentive Act aims to do, how it will boost energy production, and next steps for the legislation.
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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.
Harvested acres are estimated at 90.0 million, making this year’s corn crop one of the largest since the 1930s.
