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Shining Light on Farm & Food Policy for 20 Years.
Sunday, October 20, 2024
Domestic corn demand for ethanol production has plateaued over the last decade, and the critical market for farmers is unlikely to grow without higher blend rates or a much stronger international market, economists say.
Lawmakers likely won’t start writing a new farm bill for several months, but budget estimates due to be released this week will shape the debate over the legislation.
Corteva Agriscience said market penetration of its Enlist E3 soybeans reached 45% of total acres in North America in 2022 as it reported net sales for the year of $17.46 billion, 11% higher than 2021.
Federal agencies appear to be divided over which carbon intensity model should be used for an Inflation Reduction Act tax credit meant to grow the fledgling sustainable aviation fuel industry, according to biofuel policy experts.
A new subcommittee structure would put foreign agriculture and nutrition policy under the same umbrella as part of broader changes to the House Ag Committee’s oversight of the nation’s agriculture and food policy.
If India can keep on track for using more and more ethanol in gasoline, the country could well blend its way into needing U.S. imports, opening up major new trading opportunities with the second-most populous nation in the world.
States on the East and West coasts are crafting policies to require higher biofuel blends in place of petroleum diesel, a step that renewable and biodiesel producers believe will continue to drive growth for their products.
Lawmakers are back in session this week as leaders look to finish out committee rosters and clear the way for the House and Senate to start hearings on a range of oversight matters and legislative issues, including the farm bill.
Automobile manufacturers were complementary of the federal government’s approach to expanding the nation’s biofuel mandate to allow for the inclusion of electric vehicles.