The 40B tax credit guidance and modified GREET model released April 30 by U.S. Treasury lays the groundwork for U.S. ethanol producers and farmers to participate in the emerging market for sustainable aviation fuels (SAF). But since 40B expires at the end of this year, all the attention will now turn to implementing the 45Z credit to start next year, …
Vilsack Explains SAF Tax Credit for Farm Broadcasters
Agriculture Secretary Tom Vilsack spent the majority of his time meeting with members of the National Association of Farm Broadcasting Tuesday talking about the 40B sustainable aviation fuel (SAF) tax credit guidance and modified GREET model released that day by the Biden Administration. “You need to understand this because you’re the folks who have to explain that it’s a point …
Farmer Consultant Digs Into SAF Tax Credit Guidance
Iowa farmer and consultant Mitchell Hora, Continuum Ag, spent some time Wednesday morning breaking down the 40B sustainable aviation fuel (SAF) tax credit guidance released this week for farmers hoping to be eligible. To qualify under the guidance, corn farmers have to do cover crop, no-till, and enhanced efficiency fertilizer, while soybean farmers are required to cover crop and no-till. …
SAF Tax Credit Guidance Affirms Climate Smart Ag
Tuesday afternoon the U.S. Department of the Treasury and Internal Revenue Service (IRS) released guidance on the Sustainable Aviation Fuel (SAF) Credit established by the Inflation Reduction Act (IRA). The guidance released today will “catalyze innovation in the aviation industry and incentivize the production of cleaner and more sustainable aviation fuels,” said U.S. Treasury Secretary Janet Yellen during a House …
Farm and Biofuel Groups Pleased with E15 Waiver
The Environmental Protection Agency Friday issued a waiver to allow E15 (15 percent ethanol fuel) to continue to be sold this summer. The temporary waiver under the Clean Air Act was issued “to address extreme and unusual fuel supply circumstances caused by a confluence of events, including the ongoing war in Ukraine and conflict in the Middle East, that are …
Golden Harvest Corn Still Growing Strong
With corn planting underway now across the Midwest, there are likely quite a few Golden Harvest hybrids going in the ground after a successful 2023. “Golden Harvest has made a lot of innovation over the past 50 years,” said Rex Gray, Golden Harvest Corn Product Manager, at the recent Commodity Classic. “Over the past two years we’ve brought 39 new …
Farmers and Ethanol Workers Call for E15 Waiver
Nearly 1,000 farmers, ethanol industry workers, and other supporters from across the country sent a letter to President Biden this week calling for action to allow continued access to E15 throughout the upcoming summer driving season. “With the 2024 summer driving season just a few months away, we are urging your administration to take additional action that will ensure consumers …
Syngenta Anticipates Good Summer for Storen™
Growers first heard about Syngenta’s latest residual corn herbicide Storen™ at last year’s Commodity Classic and this year Syngenta was pleased to say it is ready for use after approval in July 2023. “We’re in the process of working with our channel partners and the first growers that are going to use Storen corn herbicide this summer,” said Shawn Hock, …
Ag and Food Summit Features SAF Discussion
Sustainable aviation fuel (SAF) was the topic of two panels at Monday’s “2024 Ag & Food Policy Summit: Revitalizing Rural Revenues” in Washington D.C. and there was a lot of discussion surrounding the GREET model, changes in the RFS, carbon sequestration, corn ethanol, and new feedstocks. Alder Renewables CEO Tim Obitts says agriculture holds the key to the future for …
Zeakal PhotoSeed Breakthrough Delivers Higher Energy Corn
ZeaKal today announces its groundbreaking PhotoSeed™ technology in corn, designed to improve the crop’s oil and sustainability profile without compromising yield or protein. In first year replicated field trials, PhotoSeed increased corn oil composition by an average of 23 percent. PhotoSeed enhances a plant’s photosynthetic capacity, capturing more CO2 and sunlight. This additional carbon capture increases oil production without taking …