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...
*Please Note – Bob Lane was out of the office today but will return on Wednesday, January 24, 2024.
U.S. Senators Jerry Moran (R-Kan.), Amy Klobuchar (D-Minn.) and Joni Ernst (R-Iowa) introduced legislation on January 22 that would help accelerate the production and development of sustainable aviation fuel (SAF). Known as “The Farm to Fly Act,” the legislation seeks to utilize current USDA programs to support the development of SAF, clarify federal definitions for SAF and enable greater collaboration between USDA and the private sector.
“Sustainable aviation fuel is a promising alternative fuel source that can provide new markets for farmers while increasing our domestic energy production and security,” Moran said in a news release. “This legislation would increase the accessibility of biofuel for commercial use and directly support rural America and its farmers, the agriculture industry and the aviation sector.”
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