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Shining Light on Farm & Food Policy for 20 Years.
Friday, January 31, 2025
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.
Figures from across the agriculture industry have responded to President-elect Trump’s pick for U.S. trade representative, Jamieson Greer, by pushing him to pursue new market access opportunities for American farmers.
Banning the use of foreign biofuel feedstocks such as used cooking oil for a new tax credit could result in retaliation against U.S. farm exports, Agriculture Secretary Tom Vilsack said Tuesday.
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.
The Treasury Department released long-awaited guidance for a new tax credit for sustainable aviation fuel. Ethanol-derived SAF would be eligible as long as the corn is produced with three climate-smart farming practices.
Pending Treasury Department rules for a new biofuels tax credit could determine whether farmers can earn significant new income from conservation practices and whether ethanol can qualify as a feedstock for sustainable aviation fuel, a potentially massive new market.
