Vilsack Explains SAF Tax Credit for Farm Broadcasters

Cindy Zimmerman

USDA photo – Vilsack speaks to NAFB members

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 system,” Vilsack told the farm broadcasters. “And if you get enough points, you qualify for an enormously beneficial tax credit, which is how you start industries.”

Vilsack discussed the importance of the tax credit guidance and what it means for agriculture. “The key message here for farm country is, you’re in the game,” said Vilsack. “For the first time ever, we have a recognition by the IRS that climate smart agriculture has a positive impact on reducing greenhouse gases and carbon storage.”

Listen to some of Vilsack’s remarks to NAFB:
USDA Sec. Vilsack to NAFB members 16:03

Audio, Biofuels, Corn, cover crops, Ethanol, NAFB, USDA