The U.S. Department of Agriculture dropped its latest World Agricultural Supply Demand Estimate report on Friday, calling for record U.S. corn production in 2023-2024. The corn outlook also calls for more corn to be used for ethanol, increased feed and residual use, and higher ending stocks. Corn production is estimated at a record 15.3 billion bushels, up 108 million as …
Clean Fuels Ready to Fly Under New SAF Guidance
Clean Fuels Alliance America is pleased with guidance from the U.S. Department of the Treasury and Internal Revenue Service (IRS) for the Sustainable Aviation Fuel (SAF) Credit established by the Inflation Reduction Act (IRA). The guidance enables companies currently producing SAF under the Renewable Fuel Standard (RFS) to access the base value of the tax incentive while it defers allowing …
Oilseeds Stakeholders Urge Use of GREET Model for SAF
Clean Fuels Alliance America, the American Soybean Association, the National Oilseed Processors Association, and the U.S. Canola Association this week wrote to a senior energy advisor urging the Biden administration to support the investments made by U.S. companies and farmers who are ramping up production of sustainable aviation fuel (SAF). The trade associations, whose combined memberships represent the entire value …
USDA Adjusts Corn and Soybean Yields in New Report
USDA’s first survey-based forecasts for the season slightly lowered yields for corn and soybeans compared to projections last month. In the August Crop Production report released Friday, USDA puts corn production for 2023/24 at 15.1 billion bushels, down 209 million from the July projection, but ten percent more than 2022 which would be the second highest on record behind 2016/17. …
ISA Launches Interactive B20 Club Webpage
The Illinois Soybean Association (ISA) recently launched an updated B20 Club webpage that features an interactive map of Illinois-based organizations that utilize 20% biodiesel and higher blends to fuel their fleets. “The B20 Club of Illinois is proud to launch our updated website and recommit ourselves to our core mission of educating fleets and stakeholders on the immediate benefit of …
K-State and Scoular Partner for Crush Facility
A partnership between Kansas State University and Scoular will provide Kansas farmers with a canola and soybean crush facility to help create a renewable fuel market for oilseed on the Great Plains. Scoular plans to renovate a grain processing facility near Goodland that it purchased in 2021 to crush canola and soybean seeds for use as renewable fuel feedstock. The …
May is Renewable Fuels Month in Nebraska
May is the month to celebrate Renewable Fuels Month in Nebraska, highlighting the importance of renewable biofuels, such as ethanol and biodiesel, especially for the Cornhusker State. Fueled by Nebraska, a partnership of Nebraska biofuels organizations, and the Nebraska Soybean Board, is leading the initiative this month to celebrate renewable fuels as we head into the summer driving season. Gov. …
USDA Reports Higher Corn and Soybean Acres Expected
The 2023 Prospective Plantings report finds farmers expect to plant more corn and soybeans this year than last year. According to USDA’s National Agricultural Statistics Service (NASS), producers surveyed across the United States intend to plant 92.0 million acres of corn in 2023, up 4% from last year, and 87.5 million acres of soybeans this year, up slightly from last …
Farmers Join Fight Against MN “Clean Cars” Mandate
The Minnesota Soybean Growers Association (MSGA) has joined the Minnesota Service Station & Convenience Store Association and NACS, Clean Fuels Development Coalition, and ICM Inc., in filing a lawsuit against the state of Minnesota for its adoption of California’s “zero-emission vehicle” mandate. “Having Minnesota blindly follow California’s rules gives up our ability to make our own decisions and would sabotage …
Illinois Passes Sustainable Aviation Fuel Tax Credit
Illinois Governor JB Pritzker signed a package of tax and revenue changes for the state which includes the sustainable aviation fuel (SAF) purchasers credit. The bill creates a $1.50 per U.S. gallon SAF tax credit airlines can use to satisfy all or part of their state use tax liabilities. Illinois Soybean Growers (ISG) Vice Chairman Ron Kindred says the credit …