Articles Tagged with ''Inflation Reduction Act''

China is ending an export tax rebate for used cooking oil, a common feedstock for renewable diesel, in a move analysts say could spur higher prices and prompt U.S. biofuel producers to explore other oil sources.

Those in the agriculture industry believe that conservation programs will be largely unaffected by the incoming second Trump administration, with the fate of remaining Inflation Reduction Act conservation funding in the hands of Congress.

Along the campaign trail, President-elect Donald Trump had vowed to repeal parts of the Biden administration's landmark climate law, the Inflation Reduction Act. Now facing a second Trump administration, industry groups are hopeful broad bipartisan support for biofuels and conservation programs in Congress means these initiatives will remain in place. 

The Southern Farmers Financial Association is being established by the Biden administration to help small farmers in high-poverty areas of the South get access to capital.

Rural power utilities apprehensively await litigation in a federal appeals court over a new EPA rule that requires the use of expensive carbon capture technology for existing coal-fired generation. CCS is considered the best available technology, and EPA expects that it can capture 90% of plant emissions.

Partnership staff are integral to the Natural Resources Conservation Service’s strategy to meet an expected surge in demand for conservation planning and design work after seeing a $19.5 billion infusion into conservation programs through the Inflation Reduction Act.

USDA and the White House will host selected farm groups for meetings today with government officials to discuss the Biden administration’s key ag and rural investments. 

Agriculture Secretary Tom Vilsack says he used the G7 ag ministers meeting last week to press his counterparts on several concerns for U.S. producers.

A bipartisan group of lawmakers are proposing to extend the new 45Z tax credit for low-carbon biofuels for 10 years but restrict the incentive to products derived from domestic feedstocks, such as vegetable oils and corn ethanol.

Banning the use of foreign biofuel feedstocks such as used cooking oil for a new tax credit could result in retaliation against U.S. farm exports, Agriculture Secretary Tom Vilsack said Tuesday.