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Shining Light on Farm & Food Policy for 20 Years.
Thursday, November 21, 2024
The Agriculture Department is promising to deliver $700 million to delayed pandemic aid to biofuel producers by this summer, and the money will be especially welcome should soaring gas prices dampen ethanol demand.
Railroads that are critical to agricultural shippers have won some permanent tax relief, while biofuel producers have received extensions of tax benefits that subsidize next-generation products and installation of blender pumps.
Farmers who were facing a steep drop in government payments in 2021 will instead see a third round of coronavirus relief payments and other producers and ag processors left out of previous aid programs this year will get help this time, under a massive stimulus package and government funding bill.