Items Tagged with 'Inflation Reduction Act'

USDA is making it easier for growers to qualify for a new biofuel tax credit by increasing the number of eligible crops and climate-smart farming practices and dropping a bundling requirement.

One week to go to the new Trump administration. Ahead of next Monday’s inauguration, Senate committees will be rushing to tee up Donald Trump’s least controversial cabinet selections for quick confirmation.

Tax and spending cuts are at the top of the to-do list for congressional Republicans and President-elect Donald Trump. But there are a broad array of other issues in play that are critical to food and agriculture, from farm bill and the next dietary guidelines to regulations for pesticides and gene-edited crops, and the future of the Biden administration's climate policies.

House GOP leaders were facing heavy pressure from farm groups and their allies in Congress on Sunday to add economic assistance for row crop producers to a year-end stopgap spending bill. House Democrats will pick a ranking member for the House Agriculture Committee on Monday.

Democrats on the House and Senate Agriculture committees are proposing $10 billion in market relief for farmers as the parties spar over an extension of the 2018 farm bill, Agri-Pulse has learned. House GOP leaders, however, have so far objected to the method used to cover the cost of the farm payments. 

Those in the biofuel industry and lawmakers from biofuel-heavy districts are expecting enough bipartisan support to preserve the 45Z credit in tax reforms next Congress.

Biofuel groups are expressed increasing concern about the lack of guidance from the Treasury Department for a clean fuel tax credit that is set to take effect Jan. 1, saying investment has already slowed due to the uncertainty.

President-elect Donald Trump is setting up a cabinet of unusually diverse views and backgrounds that together could have a far-reaching impact on the food and agriculture sectors. Farm groups will be counting on his pick to lead USDA, Brooke Rollins, to be an advocate for ag within an administration. North Dakota Gov. Doug Burgum could be a key ally on energy policy.

Brooke Rollins, president of the America First Policy Institute, an organization closely allied with President-elect Donald Trump, has been selected to serve as agriculture secretary.