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 …
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 …
EPA Committee Gives Ag Seat at the Table
EPA Administrator Michael Regan recently responded to recommendations from the agency’s Farm, Ranch, and Rural Communities Federal Advisory Committee (FRRCC) on how EPA can best support the agriculture sector’s climate mitigation and adaptation goals. FRRCC consists of representatives appointed by the agency that provide independent policy advice and information on a range of environmental issues that are of importance to …
New EPA Ag Office Head Addresses Ethanol Issues
The head of EPA’s new Office of Agriculture and Rural Affairs Rod Snyder addressed the 13th American Coalition for Ethanol DC Fly-in last week and had a lot to talk about of interest to ethanol stakeholders, not the least of which was updates to the GREET model for implementation of Inflation Reduction Act tax credits. “It’s better to do something …
SD Paves Way for Pipeline Project to Move Forward
The South Dakota Legislature this week gave a win to the proposed carbon pipeline projects in the state, passing a package of legislation that provides landowner protections and property tax relief to those affected, as well as preserves local zoning. The South Dakota Farm Bureau (SDFB), South Dakota Corn Growers Association, South Dakota Soybean Association, and South Dakota Ethanol Producers …