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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, December 18, 2024
Biofuel and farming organizations across the country want USDA to dismantle mandatory combinations of climate-smart agriculture practices to qualify for biofuel tax credits, and the groups suggest moving to a simplified accounting system to propel the industry's growth.
The Environmental Protection Agency says it likely won’t finalize the biofuel usage mandates for 2026 until the end of next year, which is discouraging news for a sector that blames the existing renewable volume obligations for the collapse in credit prices that has hammered many producers.
The rising demand for renewable fuel and subsequent tax credits to incentivize production has led to a significant spike in imported feedstocks like used cooking oil and tallow, which some say could undermine the domestic oilseed industry and potentially allows some fraudulent materials to enter the market.
The Agriculture Department is seeking input on how to measure reductions in greenhouse gas emissions from crops grown as biofuel feedstocks, part of an effort to increase production of sustainable aviation fuel.
The Biden administration’s long-awaited guidance for a new tax subsidy for sustainable aviation fuel does little by itself to jump-start the production of SAF made from ag feedstocks like corn ethanol. The most important set of rules are yet to come.
