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Shining Light on Farm & Food Policy for 20 Years.
Friday, December 20, 2024
Farm groups are re-upping concerns that the next phase of biofuel tax credits could still include bundling requirements that some say could limit opportunities for farmers.
U.S. ethanol exports increased by 38% through July to a cumulative 1 billion gallons, government data show, on the demand in many countries for lower-carbon fuel blendstocks to meet environmental goals.
Biofuel and farming organizations across the country want USDA to dismantle mandatory combinations of climate-smart agriculture practices to qualify for biofuel tax credits, and the groups suggest moving to a simplified accounting system to propel the industry's growth.
Mitchell Hora, a seventh-generation farmer and Founder and CEO of Continuum Ag, shares insights on SAF’s potential impact on rural America, stressing the need for collaboration between policymakers and farmers to drive meaningful action.
The Biden administration’s long-awaited guidance for a new tax subsidy for sustainable aviation fuel does little by itself to jump-start the production of SAF made from ag feedstocks like corn ethanol. The most important set of rules are yet to come.
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.
The Biden administration is expected to announce key updates this week to its carbon-intensity scoring for sustainable aviation fuel this week, while lawmakers are struggling to break a partisan impasse over a new farm bill that Republicans are determined to move through the House Ag Committee in May.
The latest outbreak of highly avian pathogenic influenza has now claimed a large layer operation owned by the nation’s largest egg producer, Cal-Maine Foods. Nearly 2 million birds will be killed at the Texas operation, the company said Tuesday.
The biofuel industry is eagerly awaiting the Biden administration’s update of a model that will be used to measure the carbon intensity of sustainable aviation feedstocks and determine their eligibility for a valuable new tax incentives. But industry officials caution that the update is only one in several policy actions that will be needed to get SAF production off the ground.
Agriculture Secretary Tom Vilsack said Friday the Biden administration would need several more weeks to finalize its carbon assessment of feedstocks for sustainable aviation fuel, but he continued to express confidence that most of the product would ultimately come from agricultural sources.
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