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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, November 19, 2024
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.
A bipartisan group of senators is pushing the Treasury Department to restrict the new 45Z clean fuels tax credit to domestically sourced feedstocks. That would prevent imports of used cooking oil from qualifying for the tax subsidy.
Senate Agriculture Committee Republican Roger Marshall said Wednesday farmers would be better off if work on a new farm bill is punted into next year, when Republicans could be in control of the White House and both houses of Congress.
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.
Some 16 Republican senators are calling on congressional leaders to move legislation that would freeze the adverse effect wage rate for H-2A workers at 2023 levels.
Legislation introduced Tuesday would require the use of “imitation” or some other similar terminology on labels of plant-based meat alternatives sold in American grocery stores.
Farm groups and ag lawmakers are growing increasingly frustrated by the closure of two rail crossings at the U.S-Mexico border and say they haven't received any word of when the situation will be resolved.
Senate Agriculture Committee Chairwoman Debbie Stabenow, D-Mich., objected to an attempt from Sen. Roger Marshall, R-Kan., seeking unanimous consent on the Whole Milk for Healthy Kids Act that passed in the House on Wednesday.
A bipartisan group of senators and House members is urging the International Trade Commission to consider farmer voices as it decides what to do about Moroccan phosphate imports.
