The biodiesel industry is slowly coming back to life
after a year without a $1-a-gallon tax credit, and there’s plenty of soybean
oil available when it does.
That’s part of the message that the United Soybean Board
and the National Biodiesel Board shared at the Ag Connect Expo in Atlanta,
To farmers who pioneered the ethanol industry, the goal
was creating another market for corn. To retired General Wesley Clark, it’s
about patriotism and national security.
Clark, who is co-chairman of the ethanol lobbying group,
Growth Energy, told farmers why he supports the industry at a “Be Ready”
session sponsored by Case IH during the Ag Connect Expo in Atlanta, Georgia
With only 20 days allowed to respond to a December 28
antidumping case against U.S. exports of distillers grains to China, the U.S.
Grains Council has been working around the clock to help this nation’s ethanol
industry respond, a Council staffer said Thursday.
Senator Chuck Grassley (R-IA) said Tuesday that he
believes a lawsuit filed this week to challenge EPA approval of E15 in newer
cars will fail.
“I think they’re going to loose because I think the EPA
did good science in the regulations,” Grassley said.
The Environmental Protection Agency has approved 15%
ethanol blends in 2007 or newer model cars and light trucks and is expected to
approve E15 for 2001 or newer models sometime next year.
The Biodiesel industry is breathing a sigh of relief
today as the compromise tax bill passed by Congress heads to the White House
for President Barack Obama’ signature.
The law restores the $1-a-gallon biodiesel tax credit, which expired at
the end of 2009, and extends it through the end of 2011.
By now, it’s
common wisdom that a tight federal budget is likely to make writing the next
farm bill harder than usual.
At the Iowa Soybean Association’s annual policy meeting
Tuesday, an experienced Washington
lobbyist, Stephen Frerichs of AgVantage, LLC, laid out more details on just how hard it will be.
All of ag benefits when land grants recruit urban students.
ew changes make this insurance program less expensive and more user-friendly.
So far, Senator Chuck Grassley and other Midwestern senators
from both parties seem to have salvaged ethanol and biodiesel tax credits for
But next year they’re not expecting to maintain the status
quo, Grassley told reporters Tuesday.
“I think where we are for next year, we’re all kind of
committed to taking a new approach and the phasing out of the tax credits,”
Grassley told Agriculture.com
In spite of the coverage you’re seeing of angry liberals in the House and of Senator Bernie Sanders’ (I-VT) filibuster in the Senate, the Obama-congressional compromise on extending tax cuts is very likely to pass, and the new law is almost certain to continue the ethanol tax credit for another year at the current rate of 45 cents a gallon.
This strong possibility wouldn’t even exist without several breaks for the industry, says an influential member of the House, a key Senate staffer and ethanol insiders.