05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Biomass is being harvested in some locations, but we’ve yet to see any significant spot transaction volume for 2020 crop biomass. The trend to harvest premium flower off the top has expanded as farmers seek to maximize returns on the crop. 58% of producers we surveyed are gleaning marketable flower off the top end of their plantings. Hemp flower prices remain a bright spot as far as hemp prices go.
Producers report variable portions of their crops marketed as premium, AAAA, top-shelf flower, only a percentage of the overall flower harvest. We’ll do a more thorough analysis on this data when we release our report in October.
We are awaiting news from Austin, Texas, where a judge in the state’s 261st District Court in Travis County will rule on the legality of the ban imposed by the Texas Department of State Health Services back in August. This is the first…